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When do I need to have an auditor?
When do I need to have an auditor?
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Written by Unicount
Updated over a week ago

The current Auditors Activities Act is the law that prescribes the requirements for audit. A review is a simplified version of a full audit.

An audit of the annual accounts is compulsory for companies in whose annual accounts at least two of the indicators of the financial year exceed the following conditions:

1) sales revenue or income of 4,000,000 euros;
2) total assets as of the balance sheet date 2,000,000 euros;
3) an average number of employees is 50 people.

OR

at least one of the indicators of the financial year exceeds the following conditions:

1) sales revenue or income of 12,000,000 euros;
2) total assets as of the balance sheet date 6,000,000 euros;
3) an average number of employees is 180 people.

A review of the annual accounts is compulsory for companies in whose annual accounts at least two of the indicators of the financial year exceed the following conditions:

1) sales revenue or income of 1,600,000 euros;
2) total assets as of the balance sheet date 800,000 euros;
3) an average number of employees is 24 people.

OR

at least one of the indicators of the financial year exceeds the following conditions:


1) sales revenue or income of 4,800,000 euros;
2) total assets as of the balance sheet date 2,400,000 euros;
3) an average number of employees is 72 people.

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