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Audit

Maximum amounts of audit

Audit is compulsory if at least two indicators of the annual accounts exceed the following conditions:

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

or, if at least one of the indicators of the annual accounts exceeds the following conditions:

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

Irrespective of the above mentioned, an audit of the annual accounts is compulsory for all public limited companies, state accounting entities, local governments, legal persons in public law, political parties receiving allocations from the state budget and a company in which the state has at least the discretion for the purposes of the State Assets Act. Review is compulsory if at least two indicators of the annual accounts exceed the following conditions:

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

or, if at least one of the indicators of the annual accounts exceeds the following conditions:

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