Statutory audit
We audit annual accounts and issue the auditor's report under the auditing standards in force in Spain (NIA-ES, the Spanish adaptation of the ISAs), so that shareholders, banks and public bodies can rely on the accounts.
What we audit
- Individual annual accounts, whether the audit is mandatory or voluntary.
- Consolidated accounts of groups.
- Interim financial statements and special-purpose statements.
- Review engagements on financial statements (ISRE 2400).
What you get
- A written proposal with scope, timetable, team and fee.
- A signed engagement letter before work begins.
- A single document request list, so we do not chase you every week.
- The auditor's report and, where useful, a letter with internal control recommendations.
What to have ready
- Annual accounts as prepared and signed by the directors, and the trial balance for the current and prior year.
- Year-end stock listing and, if possible, advance notice so we can attend the count.
- Bank statements at year end and contact details for confirmations from banks, customers, suppliers and advisers.
- Minutes book, deeds and significant contracts of the year (loans, leases, transactions with shareholders).
- Tax returns filed and the corporate income tax reconciliation.
Audits in Spain are governed by Law 22/2015 on Auditing and its implementing regulations (Royal Decree 2/2021). The auditor must be independent of the entity, so we cannot keep the books or prepare the accounts we audit.
Frequently asked questions
Who appoints the auditor, and for how long?
The general meeting, before the end of the year to be audited, for an initial period of three to nine years (article 264 of the Spanish Companies Act). The auditor can then be re-appointed for periods of up to three years.
How much time does the auditor need?
The law gives the auditor at least one month from receiving the accounts prepared by the directors (article 270 of the Spanish Companies Act). In practice it pays to plan before year end: see our annual accounts calendar guide.
How much does an audit cost?
It depends on the size of the entity, the number of companies and the state of the records. The fee is agreed and fixed in the proposal, before work begins.
Do you need an audit or a report?
Tell us what you need. We reply with the scope of work, the timetable and the fee before anything starts.