auditointivelvoitteita

Auditointivelvoitteita refers to statutory auditing obligations in Finland. These obligations require certain types of companies and organizations to have their financial statements audited by an independent auditor. The primary purpose of a statutory audit is to provide an opinion on whether the financial statements give a true and fair view of the company's financial position and performance.

The criteria for when an audit is mandatory are defined in the Finnish Auditing Act (Tilintarkastuslaki). Generally, the obligation to audit is triggered by the size of a company, measured by its revenue, balance sheet total, or number of employees. For example, limited liability companies (osakeyhtiöt) must have their financial statements audited if they exceed two of the following thresholds in two consecutive financial periods: revenue of EUR 120,000, balance sheet total of EUR 200,000, or an average number of employees of 3.

Other types of entities, such as housing companies (asunto-osakeyhtiöt) and associations (yhdistykset), may also be subject to audit obligations based on specific regulations or their own bylaws, often triggered by the size of their operations or the value of assets managed. Even if not legally mandated, companies may choose to have an audit for internal control purposes or to enhance the credibility of their financial reporting to stakeholders like investors or lenders. The auditor's report, which is a key output of the audit process, is typically submitted to the Finnish Patent and Registration Office (PRH) along with the financial statements.