The definitions of small and medium enterprises varied where American Institute Certified Public
Accountants (AICPA) defines the small and medium enterprises as : the economic institutions aiming to win
after excluding large shareholding companies and the characteristics of the small and medium enterprises
were identified as follows : few number of employees, low sales ,assets’ low value, vague identification of
duties and responsibilities because of the weakness of the internal control’s systems, the owner’s or the
manager’s control of the companies’ activities (Matar and Noor,2008).