For a government it’s important to know how the companies within their country earn their money. That’s why it is mandatory for a lot of companies to show their financial situation every year. In the Netherlands companies can be obligated to have a statutory audit of the years-end figures by an official AFM-licenced audit firm. The AFM is the Dutch Financial Markets Authority.
A statutory audit of the year-end’s figures must be performed by an AFM-licenced audit firm when the financial contains at least two of the following criteria (for two consecutive years):
- The value of assets exceeds 6 million euros
- The net turnover is in excess of 12 million euros
- The company has over 50 employees
AFM-licensed audit firms
There are a lot of good audit firms in the Netherlands, but not all of them are AFM-licensed. When an audit firm has the AFM-license, they are allowed to perform different kind of financial audits, regardless of industry. An audit firm will check the financial facts and figures and will put them in reports.
Reanda is AFM-licensed audit firm in Amsterdam. So, if you need an accountant in the Netherlands, Reanda is the place to go. Reanda is a company which is specialized in helping international companies who have most of their operations abroad. They help companies to make a good financial audit. Good financial audits are complicated to make so a lot of people want specialists to make them.