Despite the fact that mandatory financial auditing has been abolished for small private public companies in Sweden we still see this service being used by these firms. Earlier research, papers and published articles tend to focus on the abolishment of the mandatory audits seen from the accountant’s point of view. There has however been less emphasis on the fact that 85 percept of the companies relived from the mandatory audits still utilises this service. We think that we have found a new and until now unexplored angel on this subject, and the purpose of our study has been to explore what the Swedish bank officials and what the Swedish Tax Agency’s officials think that they have to gain from a mandatory financial audit.

The scientific method used in the study is deduction due to the fact that existing theories has been used to form the hypothesis. Using a web based questionnaire the study aimed to explore what benefits Swedish bank officials and Swedish Tax Agencies officials think exist on the topic of financial auditing in small public companies. The questionnaire was sent to all company advisers working within banks in the Kristianstad area and to all officials working within the Swedish Tax agency in the same region. The study is based on select variables from existing literature and from already existing concepts within financial auditing, insurance, assurance, improving, comfort and legitimacy. The study includes five hypotheses derived from the studies theoretical reference framework. The aim of the study was to examine then perceived value of companies undergoing finical auditing by a certified accountant. The hypotheses has been analysed and tested using the statistical program SPSS. From the hypotheses testing using a multivariate analyse the study shows that there is a strong perceived value amongst the Swedish bank officials and amongst the Swedish Tax Agenise officials when it comes to the topic of companies using certified accountants for financial auditing.