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Statutory audit of financial statements

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Statutory audit of financial statements

VS079 Martin Hogeboom 2025 10 01

Every company is required to prepare financial statements. In certain cases, the company is required by law to have an audit performed. This is the case when the company is medium-sized or large and meets at least two of the three criteria below for two consecutive years:

  • More than 15 million euros in net sales;

  • More than 7,5 million euros balance sheet total;

  • An average of 50 or more employees.

A statutory audit must be carried out by an audit firm that holds a license from the AFM (Netherlands Authority for the Financial Markets). VHM Audit has held an AFM license to conduct statutory audits since September 2008 and has extensive experience in conducting statutory audits. VHM Audit does this for a large variety of medium-sized and large companies.

Other services

Review of financial statements

If your company is not subject to a statutory audit and a voluntary audit does not provide the desired added value, an assessment assignment can be a good alternative.

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Voluntary audit of financial statements

In addition to the statutory audits, VHM Audit also performs voluntary audits for many companies that do not (yet) have a statutory obligation. 

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Statutory audit of financial statements

Every company is required to prepare financial statements. In certain cases, the company is required by law to have an audit performed.

Show