Audit is required
in case fiscal year starts before 01.01.2016


The financial statements should be audited for all public limited companies and foundations.

For other companies audit requirements are below


An accounting entity should be fully audited

This audit obligation applies to an accounting entity in whose annual financial statements at least two of the indicators listed right exceed the following values: 

  • sales revenue or income 2 000 000 euros;
  • total assets as at the balance sheet date 1 000 000 euros;
  • average number of employees 30.

Furthermore, the obligation also applies to an accounting entity in whose annual financial statements at least one of the indicators listed below exceeds the following value:

  • sales revenue or income 6 000 000 euros;
  • total assets as at the balance sheet date 3 000 000 euros;
  • average number of employees 90.

An accounting entity should be reviewed by an auditor

This audit review obligation applies to an accounting entity in whose annual financial statements at least two of the indicators listed right exceed the following values: 

  • sales revenue or income 1 000 000 euros;
  • total assets as at the balance sheet date 500 000 euros;
  • average number of employees 15.

Furthermore, the review obligation also applies to an accounting entity in whose annual financial statements at least one of the indicators listed below exceeds the following value:

  • sales revenue or income 3 000 000 euros;
  • total assets as at the balance sheet date 1 500 000 euros;
  • average number of employees 45.