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This paper analyzes if SME perceive auditing as a useful service for their businesses. With a survey of 400 Spanish business managers, specific advantages are identified which can be grouped together based on several relevant factors related to the businesses' stance on some evaluating agents, their internal management and their value and image in the eyes of third parties. Furthermore, the findings suggest small businesses, those who voluntarily audit themselves and those which are non-family businesses, are the ones that value auditing the most. [ABSTRACT FROM AUTHOR]

The adoption of IASB accounting regulations by the European Union has led to a process of reform in Spanish legislation on corporations, similar to that which occurred at the end of the 1980s. The approval of Law 16/2007 brings with it numerous changes in the legal framework of companies, particularly with regard to their accounts. This paper analyses the most important of the new measures arising from the reform, focusing especially on how they affect social economy enterprises. In particular, a study is carried out to compare the draft of the new General Accounting Plan, which was published last July by the Institute of Accounting and Auditing, and the currently applicable regulations.. [ABSTRACT FROM AUTHOR]