Tilintarkastusvaatimukset

Tilintarkastusvaatimukset in Finnish refer to the legal and regulatory obligations that require certain companies to undergo an independent audit of their financial statements. These requirements are primarily established by the Finnish Auditing Act (Tilintarkastuslaki). The purpose of these audits is to ensure the accuracy, completeness, and fairness of financial reporting, providing assurance to stakeholders such as shareholders, creditors, and regulatory bodies.

Generally, companies are subject to mandatory auditing if they exceed certain thresholds related to their balance sheet total, net sales, or average number of employees. These thresholds are periodically reviewed and updated by the Finnish government. Small companies that do not meet these criteria may be exempt from the mandatory audit, but they can still choose to have an audit voluntarily if they deem it beneficial.

The auditor, who must be an authorized public accountant (KHT) or a chartered accountant (HT), is appointed by the company's shareholders. The auditor's role is to examine the financial statements and the accounting records, assess the internal control system, and express an opinion on whether the financial statements provide a true and fair view of the company's financial position and performance. The auditor also verifies that the company's management has complied with relevant laws and regulations. The findings and opinion are communicated in an auditor's report, which is attached to the financial statements. Failing to comply with tilintarkastusvaatimukset can lead to penalties.