Statutory audit

Listed companies and other organisations that meet certain economic criteria are required by law to undergo a statutory audit. The legal form of the organisation does not affect this requirement. Entities subject to a statutory audit also have to maintain an internal control system (ICS) and include a statement about their risk assessment in their management report.

The comprehensive report of the statutory auditor is addressed to the board of directors and covers the findings related to accounting and the internal control system as well as the performance and results of the audit.