Revisionsorgan

Revisionsorgan is a term used in several Nordic legal systems to denote the organ within an organization that oversees its financial reporting and compliance with laws and internal rules. The revisionsorgan may consist of external auditors, an audit committee, or a combination of independent auditors and internal auditors. The exact composition, appointment, and powers depend on the governing law and the form of organization, such as a joint-stock company, non-profit association, cooperative, foundation, or municipality.

Its primary function is to supervise and review the organization's financial statements, internal controls, and risk management; ensure that the organization adheres to applicable statutes, regulations, and its own by-laws; and report findings to the general meeting, board, or other supervisory bodies. The revisionsorgan typically issues an audit report or recommendation and may have the authority to request documents, conduct investigations, and demand explanations from management. Independence is a common requirement to avoid conflicts of interest.

In many jurisdictions, the term corresponds to an external auditor or to an internal audit function charged with statutory duties. The revisionsorgan operates under a legal framework that defines its mandate, tenure, qualifications, remuneration, and replacement procedures. Related concepts include the audit committee, internal auditing, external auditing firms, and governance structures such as the supervisory board.

In practice, the exact design of a revisionsorgan varies: in some entities it is a formal statutory body elected by the general meeting; in others it is an advisory committee appointed by the board; in others it is a separate professional audit firm engaged by the organization.