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 will be effective from 1 January 2026, the limits for statutory audits will be increased. This will relieve many smaller companies of the administrative burden.

How will the rules for statutory audit change?

A small amendment to the Accounting Act, published in the Collection of Laws on 2 September with effect from 1 January 2026, radically changes the rules on audit obligations. The good news is that for many smaller companies this means an end to unnecessary paperwork and money savings.

The new audit obligation will 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 to have their accounts audited, 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?

The new rules will apply from 1 January 2026, but the thresholds are always assessed at the balance sheet date. If your accounting period corresponds to a calendar year, then you will use the original thresholds at 31 December 2023 and the revised thresholds at 31 December 2024.

For accounting periods starting from 1 January 2026, the statutory audit will no longer apply to small entities.

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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