Under the Dutch Civil Code organizations meeting certain criteria are obliged to have their annual financial statements audited by an external accountant. That statutory audit is aimed at establishing whether the company’s financial accounts are a true and fair reflection of the company’s performance.
IUS performs audits in accordance with the standards set by the Netherlands professional body for chartered Accountants (NBA) in its Audit and Other Standards (NV COS).
A statutory audit can not be performed in the Netherlands without a licence issued by the AFM (Netherlands Authority for the Financial Markets). In addition, public accountants are obliged to observe the Code of Conduct Regulation and the specific requirements for continuing education.
With our team of registered accountants we have the capacity to ensure that your statutory audit is performed in an effective and efficient manner. We use specially developed auditing software, which means that a large part of your audit is in digital form. Building up electronic information in your case file enables us to take the right approach to your organization and thus prevent any work being done ‘twice’.
An important part of the statutory audit is our auditor’s report also known as the ´management letter´. It contains feedback on the items in your system of accounting procedures and internal controls which form the basis of trustworthy financial statements. Your ICT systems will also be subject to scrutiny.