Audit is required

in case fiscal year starts before 01.01.2017

read earlier requirements (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 4 000 000 euros;
  • total assets as at the balance sheet date 2 000 000 euros;
  • average number of employees 60.

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 12 000 000 euros;
  • total assets as at the balance sheet date 6 000 000 euros;
  • average number of employees 180.

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 1 600 000 euros;
  • total assets as at the balance sheet date 800 000 euros;
  • average number of employees 24.

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 4 800 000 euros;
  • total assets as at the balance sheet date 7 200 000 euros;
  • average number of employees 72.

 

Index about accounting and other topics is in footer below