Mandatory audit of financial statements: for whom will it be abolished in 2026?

While the major amendment to the Accounting Act has not yet passed final approval, smaller changes are being prepared on an ongoing basis. Under the so-called small amendment, which is expected to come into force on 1 January 2026, the limits for statutory audits will be increased. Many smaller companies would thus be newly relieved of the administrative burden.

How will the rules for statutory audit change?

A small amendment to the Accounting Act, which is now being fast-tracked (see Parliamentary Print 783) with an expected effective date of 1 January 2026, radically changes the rules on audit obligations. The good news is that for many smaller companies this would mean an end to unnecessary administration and money savings.

The new audit obligation would only apply to medium and large companies, not small accounting units. The amendment thus brings relief to thousands of businesses that currently have to pay for an audit of their accounts, even though it is not beneficial to them.

For whom will the audit remain mandatory?

You will be subject to a mandatory audit if your business exceeds at least two of the following three thresholds for two consecutive years:

If you do not exceed these limits, the audit will no longer be mandatory for you. Of course, if you want or need an audit for any other reason (e.g. for investors or banks), you can have it done voluntarily.

When will the changes to the limits apply?

If a small amendment to the Accounting Act passes this year, the new rules will start to apply from 1 January 2026, which means that for companies the higher limits will apply for the first time to accounting periods starting on that date. In doing so, the limits are always assessed at the balance sheet date.

Let us worry about the changes to the law

Not sure about all the changes, their effectiveness and especially their impact on your business? Contact us using the contact form below. Arrange a professional consultation or hand over the processing of your financial statements and other reports to us as part of the complete accounting management.

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