Audit of Financial Statements

Our main product AOBAuditors is the preparation of the audit report. Here are prinicipal response to questions raised regarding the mandatory or not the appointment of an auditor. Should you have any questions, remember that we are at your disposal for any clarifications required

1. Who is required to submit annual audited accounts?
2. Why conduct a voluntary audit of annual accounts?
3. What are the steps?
4. ¿Need more information about if you are required to audit the annual accounts?
5. AOB Auditores budget request

1.- ¿Who is required to submit annual audited accounts?

If the company can submit abbreviated balance is not imposed by law to be audited. Commercial law demands that, for the emergence of the statutory audit is required for two consecutive financial years, the closing date of the same company attending the two of any of the requirements listed below, as appropriate for exercises open from 01.01.2008:

For years open from 01.01.2008:

a) the total amount of items in your asset does not exceed EUR 2,850,000;

b) the net amount of their annual turnover does not exceed EUR 5,700,000;

c) the average number of employees during the year does not exceed fifty. The companies will not lose the ability to formulate an abridged balance sheet if not longer meet for two consecutive years, two of the above-mentioned circumstances.

In societies that, to present an abridged balance sheet, are not required to submit annual accounts to verification by an auditor, the audit of annual accounts can be done voluntarily, applying the same procedures as in the case of a mandatory audit.

2.- ¿Why conduct a voluntary audit of annual accounts?

The audit can be considered as a mechanism to control the actions of the management of the company, besides acting as a safeguard against third parties (shareholders, financial institutions, creditors, employees, etc.)..

3.- ¿What are the steps?

The General Meeting shall appoint Auditor, before the end of the year to be audited, registering the agreement in the Register.

If the shareholders do not appoint the auditors before the end of the year to be audited, or their nominees not accept the charge or, for whatever cause, can not perform their duties, administrators, union commissioner any shareholder or debenture may request the Registrar of Companies established the designation of the person or persons to conduct the audit.

Minority shareholders may request the Registrar of Companies of the registered office which, under the society, appoint an auditor for conducting the review of annual accounts of a year, provided that:

• applicants representing at least 5% of the capital, and
• have not been three months from the closing date of the exercise.

4.- ¿Need more information about if you are required to audit the annual accounts?

If you still have doubts as to whether it is required to submit annual audited accounts or not, do not hesitate to contact us through our e-mail clientes@aobauditoresonline.com. Will be pleased to clarify and resolve any doubt that it has raised

5.- AOB Auditores budget request

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Fill out the form below show you so that we can do an audit budget according to the volume of your business.

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