{"id":35561,"date":"2025-12-17T16:11:30","date_gmt":"2025-12-17T15:11:30","guid":{"rendered":"https:\/\/www.pkf-attest.es\/services\/audit-assurance\/audit\/annual-accounts\/"},"modified":"2026-07-13T09:55:18","modified_gmt":"2026-07-13T07:55:18","slug":"annual-accounts","status":"publish","type":"page","link":"https:\/\/www.pkf-attest.es\/en\/services\/audit-assurance\/audit\/annual-accounts\/","title":{"rendered":"Accounts Audit"},"content":{"rendered":"
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\r\n\t\t\t\tReliability, accuracy, precision, and regulatory compliance of your financial information\t\t\t<\/h2>\r\n\t\t\t\t\t\r\n\t<\/div>\r\n<\/div>\r\n\n\n\n
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PKF Attest account audit<\/h2>\n\n\n\n

We provide financial accuracy<\/h2>\n\n\n\n
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At PKF Attest a wide range of services in the area of auditing, with the aim of supporting our clients in matters that are of particular relevance to their businesses.<\/p>\n\n\n\n

Our multidisciplinary teams ensure the highest standards of service and quality, thanks to PKF Attest’s extensive experience.<\/p>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n

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Reflects the actual financial and asset situation of your company.<\/h3>\n\n\n\n

Be transparent and build trust<\/strong> not only with your investors, partners, or collaborators, but also with suppliers and customers.<\/p>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n

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Our Account Auditing Services<\/h2>\n\n\n\n
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Audit of annual accounts<\/strong><\/h4>\n\n\n\n
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Request information<\/a><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n
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Cooperative Society Accounts<\/strong><\/h4>\n\n\n\n
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Nonprofit entity accounts<\/strong><\/h4>\n\n\n\n
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Review of supporting accounts for non-profit organizations<\/strong><\/h4>\n\n\n\n
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Our team of auditors<\/h2>\n\n\n\n

Who reviews the annual accounts?<\/h3>\n\n\n\n
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Our more than 900 professionals located in the main cities of Spain are responsible for auditing annual accounts.<\/p>\n\n\n\n

As auditors, our objective is to show the reality of the annual accounts and the true and fair view of the financial statements and notes of a company based on its applicable regulatory framework.<\/p>\n\n\n\n

We provide objective assurance with sufficient evidence to minimize the risk of error. We also review the consistency of the management report with the annual accounts for the fiscal year.<\/p>\n\n\n\n

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Issued reports, current news, and documents<\/h2>\n\n\n\n
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Once our audit is complete, we will issue the following reports:<\/p>\n\n\n\n

Audit report<\/strong> as the final result of the audit, in which the auditor states whether they have obtained reasonable assurance that the financial statements as a whole are free from error.<\/p>\n\n\n\n

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Letter of Recommendations<\/strong> detailing the main breaches of applicable legal regulations detected, as well as the main internal control deficiencies.<\/p>\n<\/div><\/div>\n\n\n\n

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\r\n Law 18\/2022 of September 28 on the creation and growth of companies.<\/a>\r\n <\/h4>\r\n
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\r\n Limits applicable in different aspects (Annual Accounts)<\/a>\r\n <\/h4>\r\n
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Which companies are required to audit their annual accounts<\/strong>?<\/h2>\n\n\n\n

According to Article 263 of the Consolidated Text of the Capital Companies Act, companies must submit their annual accounts for audit if two consecutive financial years meet at least two of the following requirements:<\/p>\n\n\n\n

\u00b7 Have a turnover exceeding \u20ac5,700,000.<\/p>\n\n\n\n

\u00b7 Total assets exceeding \u20ac2,850,000.<\/p>\n\n\n\n

\u00b7 An average number of employees exceeding 50.<\/p>\n\n\n\n

If the above requirements are met, commercial companies are required to file their audited annual accounts with the Commercial Registry at the end of each fiscal year.<\/p>\n\n\n

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\r\n Other cases where auditing of annual accounts is mandatory <\/div>\r\n <\/div>\r\n
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Companies operating in financial markets<\/p>\n

Those that are required to undergo an audit are:<\/p>\n

\u00b7 They issue securities admitted to trading on official markets.<\/p>\n

\u00b7 They make public offerings of bonds.<\/p>\n

\u00b7 They are engaged in financial intermediation, such as:<\/p>\n

o Credit institutions.<\/p>\n

or Investment services companies.<\/p>\n

o Market governing bodies.<\/p>\n

o Central counterparties.<\/p>\n

or Stock Exchange Companies, among others.<\/p>\n

Entities receiving public subsidies<\/p>\n

Those that, in a fiscal year:<\/p>\n

\u00b7 Receive subsidies or public aid exceeding \u20ac600,000.<\/p>\n

\u00b7 EU fund disbursements exceeding this amount also require auditing.<\/p>\n

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Companies with contracts with the public sector<\/p>\n

They are required to undergo an audit if:<\/p>\n

\u00b7 They have contracts with public administrations worth more than \u20ac600,000.<\/p>\n

\u00b7 And these contracts account for more than 50% of its annual turnover.<\/p>\n

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Foundations<\/p>\n

According to the Foundations Act, foundations that meet at least two of these three criteria must be audited:<\/p>\n

\u00b7 Total assets exceeding \u20ac2,400,000.<\/p>\n

\u00b7 Annual income exceeding \u20ac2,400,000.<\/p>\n

\u00b7 More than 50 employees on average during the fiscal year.<\/p>\n

In the case of foundations, it is advisable to refer to regional regulations, as some regions may have more restrictive rules than national regulations.<\/p> <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n<\/div>\n\n\n\n

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Do you need to audit your financial statements? We audit them for you and facilitate the process.<\/h3>\n<\/div><\/div>\n\n\n\n
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Start audit<\/a><\/div>\n<\/div>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n
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Public sector, organizations, NGOs<\/p>\n\n\n\n

Accounting audits for organizations and the public sector<\/h3>\n\n\n\n

We apply financial, legal, and budgetary criteria in accordance with the General Public Accounting Plan, IPSAS (ICSA), and public expenditure control regulations, ensuring transparency and legality in the management of public funds. This strengthens accountability, guarantees regulatory compliance, and reinforces public and institutional confidence.<\/p>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n

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Private companies<\/p>\n\n\n\n

Accounting audit for private companies<\/h3>\n\n\n\n

We conduct audits in accordance with International Auditing Standards (IAS) and the General Accounting Plan (GAP) or IFRS, ensuring the reliability of accounts and building trust among investors, banks, partners, and regulatory bodies.<\/p>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n

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Responsible partners<\/strong><\/p>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n

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\n Am I obligated to audit my company's accounts? <\/h3>\n \n \"\"\n <\/span>\n <\/summary>\n
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The companies obligated to carry out an annual statutory audit are those that meet the following requirements:<\/p>\n

>Statutory audit obligation requirements<\/a><\/p> <\/div>\n <\/div>\n <\/details>\n

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\n Why audit if I am not required to? <\/h3>\n \n \"\"\n <\/span>\n <\/summary>\n
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The audit adds value to your company. The audit provides reliability, accuracy and ensures regulatory compliance of financial information, generating confidence in potential investors, partners and banks and, thanks to the transparency it provides, gaining access to suppliers and clients who, without a statutory audit, would close their doors to negotiating with you.<\/p> <\/div>\n <\/div>\n <\/details>\n

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\n What value does a statutory audit add? <\/h3>\n \n \"\"\n <\/span>\n <\/summary>\n
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The audit adds value to your company. The audit provides reliability, accuracy and ensures regulatory compliance of financial information, generating confidence in potential investors, partners and banks and, thanks to the transparency it provides, gaining access to suppliers and clients who, without a statutory audit, would close their doors to negotiating with you.<\/p> <\/div>\n <\/div>\n <\/details>\n <\/div>\n <\/div>\n