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Do I have to audit my company?

 An audit or a review of annual accounts of a private limited company (OƜ) is compulsory if at least two of the indicators exceed the following conditions:

Condition: Sales revenue or income Audit (EUR): 4,000,000 Review (EUR): 1,600,000 

Condition: Total assets as of the balance sheet date Audit (EUR): 2,000,000 Review (EUR): 800,000

Condition: Average number of employees Audit: 60 people Review: 24 people   

An audit or a review is obligatory also if at least one of the following indicators exceeds the following conditions: 

Condition: Sales revenue or income Audit (EUR): 12,000,000 Review (EUR): 4,800,000

Condition: Total assets as of the balance sheet date Audit (EUR): 6,000,000 Review (EUR): 2,400,000

Condition: Average number of employees Audit: 180 people Review: 75 people  

 Kindly note that all public limited companies have to audit their annual accounts.