A survey of banks and specialised small and medium enterprise (SME) lenders has shown that financial statements prepared by chartered accountants are seen as more trustworthy when assessing credit applications. Businesses in need of financing would do well to consult a chartered accountant for advice and input. The South African Institute of Chartered Accountants (SAICA) has found, in a survey of five major banks and three specialist SME lenders, that there are a number of areas in which lenders trust the input of chartered accountants (CAs) above other financial professionals… (more)

Advertisements