Tilinpäätöstilintarkastukset

Tilinpäätöstilintarkastukset are audits of financial statements in Finland. These audits are conducted by independent auditors, known as tilintarkastajat, to provide assurance on the accuracy and fairness of a company's financial reporting. The primary goal of a tilinpäätöstilintarkastus is to verify that the financial statements comply with relevant accounting standards and legal requirements.

The process involves a thorough examination of the company's accounting records, internal controls, and supporting documentation. Auditors assess the financial statements for material misstatements, whether due to error or fraud. They also evaluate the effectiveness of the company's internal control systems to prevent and detect financial irregularities. The scope of the audit typically includes the balance sheet, income statement, and cash flow statement, as well as the notes to the financial statements.

Upon completion of the audit, the tilintarkastaja issues an audit report. This report expresses an opinion on whether the financial statements give a true and fair view of the company's financial position and performance. The audit report is a crucial document for stakeholders, including shareholders, creditors, and regulatory bodies, as it provides an independent assessment of the reliability of the financial information.

In Finland, the requirement for a tilinpäätöstilintarkastus is determined by factors such as the size and legal form of the company. Smaller companies may be exempt from mandatory audits, while larger companies, public limited companies (osakeyhtiöt), and those meeting certain thresholds are legally obligated to have their financial statements audited. The process is governed by the Auditing Act (Tilintarkastuslaki) and relevant auditing standards.