Changes to obligation to audit the financial statements
With effect from January 1, 2021 the obligation to audit the Financial Statements under the Act No. 431/2002 Coll. On Accounting, as amended (hereinafter referred to as: „AA”) changes:
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Overview of the conditions for verification by Auditors |
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Condition |
Limit valid from 1.1.2020 |
Limit valid from 1.1.2021 |
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Total gross amount of assets exceeding |
2000000 € |
3000000 € |
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Net turnover exceeding
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4000000 € |
6000000 € |
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Average recalculated number of employees per accounting period exceeding
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30 |
40 |
The obligation to verify the regular and extraordinary financial statements shall arise for an accounting entity, that has fulfilled at least two of the above conditions, at the date on which the financial statements are drawn up and for the immediately previous financial period.