tilintarkastusvelvoitteen

Tilintarkastusvelvoite is a Finnish term referring to the legal obligation for certain companies and organizations to undergo an independent audit of their financial statements. This obligation is primarily defined by the Finnish Auditing Act (Tilintarkastuslaki). The purpose of a mandatory audit is to ensure that the financial statements provide a true and fair view of the company's financial position and performance, and that they comply with relevant accounting standards and legal requirements.

The requirement for an audit is typically triggered by a company's size, measured by factors such as revenue, balance sheet total, and the number of employees. Small companies may be exempt from the obligation. However, even if a company is not legally obligated, it may still choose to have its financial statements audited voluntarily to enhance transparency and credibility.

The audit is conducted by a qualified auditor, who must be either a certified auditor (HT) or an authorized public accountant (KHT) registered with the Finnish Patent and Registration Office. The auditor's report, which accompanies the financial statements, provides an opinion on whether the statements are prepared in accordance with the applicable accounting legislation and present a true and fair view. This report is crucial for stakeholders, including shareholders, creditors, and regulatory authorities, in making informed decisions.