Tilinpäätösvelvoitteet

Tilinpäätösvelvoitteet refer to the legal and regulatory requirements that Finnish companies must adhere to regarding the preparation and submission of their financial statements. These obligations are primarily governed by the Finnish Accounting Act (Kirjanpitolaki) and the Companies Act (Osakeyhtiölaki).

The core obligation is to prepare a financial statement (tilinpäätös) at the end of each financial year. This document provides a comprehensive overview of the company's financial performance and position. It typically includes a profit and loss statement (tuloslaskelma), a balance sheet (tase), notes to the financial statements (liitetiedot), and a cash flow statement (rahoituslaskelma) for larger companies.

Furthermore, companies are obligated to have their financial statements audited by an independent auditor if they meet certain criteria, such as exceeding specified thresholds for turnover, balance sheet total, or number of employees. The auditor's report (tilintarkastuskertomus) must accompany the financial statements.

After preparation and potential audit, the financial statements must be approved by the company's shareholders or equivalent body. Finally, the approved financial statements, along with other required documents, must be filed with the Finnish Patent and Registration Office (Patentti- ja rekisterihallitus) within a specified timeframe. Failure to meet these tilinpäätösvelvoitteet can result in penalties, including fines and potentially personal liability for company management.

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