What is an audit?
Audit is the English term for control and in our field is used as an term for audits by a auditor. In addition, there is the assurance term , which is wider , but in essence covers the same topics. There are a number of checks we can perform as an accountant:
- Control of a financial statement audit
- Control of subsidy accountability assurance report or
report of factual findings
- Particular research report of factual findings
What is a statutory audit?
It is required by law (art. 2:393 BW) for an accountant to perform an audit if at least two of the following three characteristics for two consecutive years of annual accounts have been met:
- Total assets of more than EUR 4.4 million
- Turnover exceeds EUR 8.8 million
- More than 50 employees
These characteristics are viewed on a consolidated level . Should you prepare your financial statements based on IFRS, there is always a statutory audit, regardless of the size of the company.
Our audit is a custom made product and is tailor made by our professionals to your needs, taking into account the specific characteristics of your organization, such as your company size and the industry in which you are perform. The pursuit of quality in our audits is the starting point.
Our audit will be compiled based on a mix of knowledge and experience. Our philosophy is that audit teams should be limited in size and should not consist of numerous assistants and managers. We also ensure that our audit teams will undergo limited change and you are confronted with new personnel habitually.