A company is required to prepare full statutory accounts for the shareholders that show a true and fair view and comply with all necessary regulations.
Furthermore, “large” companies must adopt an independent auditor. Large companies those which exceed more than one of the following criteria:
If the staff amounts to more than 100, a statutory auditor is always compulsory.
Members of groups that contain any of these types of company may also require an auditor.
Other recurrent legal requirements are: