Statutory auditor

Public limited companies, limited liability companies, cooperatives, limited partnerships, asscociations and foundations are subject to audit law. The type of audit basically depends on the size of the organisation. The statutory auditor assumes the following duties: auditing, reporting, obligation to notify, subsidiary management duties and extraordinary auditing duties. Furthermore the statutory auditor is subject to the secrecy of the knowledge obtained about the audited company.

Limited statutory examination

For which companies does a limited statutory examination make sense?

Companies that are not obliged to carry out an ordinary audit

Ordinary audit

An ordinary audit is necessary if at least two of the following three values are exceeded in two successive fiscal years:

CHF 20 million total assets
CHF 40 million sales revenue
250 full time positions (employees)

Who is also ordinary audited?

All companies that are required to prepare consolidated financial accounts
(Opting-up) If shareholders who combine at least 10% of the share capital requested it
If the general assembly or the articles of association decide or ask for an ordinary audit

Opting-out: A company can waive the audit if the full-time employments are a maximum of 10 and the shareholders decide it unanimously.

Opting-in

What is behind it?

In practice, e.g. Lenders insists on performing an audit.

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AUDIT ZUG AG
Alte Steinhauserstr. 1
6330 Cham-Zug

info@auditzug.ch
+41 41 726 80 50

Revisionsexperten
RAB Nr. 500615
UID CHE-112.592.507

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Revisionsexperten
RAB Nr. 500615
UID CHE-112.592.507

Imprint
Privacy

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