tilintarkastettavia

Tilintarkastettavia refers to entities or organizations that are legally required to undergo a financial audit by an independent auditor. This requirement is a common feature in company law and financial regulations across many jurisdictions. The primary purpose of a tilintarkastus, or audit, is to provide an opinion on whether the financial statements of the entity present a true and fair view of its financial position and performance, and whether they comply with applicable accounting standards and legal requirements.

The specific entities that are classified as tilintarkastettavia can vary. Generally, public limited companies are always subject to audit. However, depending on the size and nature of the business, other entities such as private limited companies, partnerships, foundations, and non-profit organizations may also be required to have their accounts audited if they exceed certain thresholds in terms of revenue, assets, or number of employees. Small businesses below these thresholds may be exempt from mandatory audits.

The process of tilintarkastus involves the auditor examining the accounting records, internal controls, and supporting documentation of the entity. The auditor's findings are then communicated in an audit report, which is typically made public or provided to shareholders and other stakeholders. This independent verification enhances the credibility of the financial information and helps to prevent fraud and error.