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Auditors in Amsterdam

Auditors in Amsterdam

Updated on Wednesday 01st April 2020

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If you need audit services in the Netherlands, our auditors in Amsterdam can ensure that your company in the Netherlands meets all of the International Financial Standards criteria applicable in the country.

The company has the power to appoint the auditor. The auditor is appointed by the general shareholder’s meeting or by the supervisory board or the managing board. The auditor reports to the managing and supervisory boards.

 

Audit requirements in Amsterdam

According to Dutch legislation, medium and large companies must have their annual report audited by an independent, registered and qualified Dutch auditor.

In the Netherlands, there are several criteria that determine the size of a company: small, medium or large:

  • -       the number of employees;
  • -       the net turnover;
  • -       the declared value of the balance sheet assets.

The assets value for a medium company start at 4.40 m euros and a maximum of 17.5 m euros. A medium company should have between 50 and 250 employees. Large companies exceed the values of medium sized companies in at least two of these aspects. If you want to know more about the audit requirements in Netherlands, our Amsterdam accountant can help you.

 

The audit report in Amsterdam

The annual audit report should include, amongst others, the following points:

  • -       if the financial statements of the company provide information according to the accounting principles in the Netherlands;
  • -       if the financial statements are a true and accurate reflection of the financial position of the company and its results for the year;
  • -       if the reports issued by the management board fulfil the legal requirements.

The financial statements must be prepared and approved no later than seven months after the end of the fiscal year. They must be published no later than thirteen months after the end of the fiscal year,

Foreign companies must submit their financial statements in the country of origin and at the Trade Register of the Chamber of Commerce in the city where they operate in the Netherlands.

According to the Dutch accounting law, accounting companies in the Netherlands can provide audit services to a company for a maximum of 8 consecutive years. According to the same law, accounting firms must separate their audit and advisory services, thus they cannot provide both services simultaneously to a company.

 

If you are interested in our audit services or need legal counselling and other general consulting services in the Netherlands, our Dutch accountants can help you in a professional and dedicated manner. Contact us for a personalized offer.