Accountancy in France

>> Audit Requirements in France

Statutory auditors (Commissaires aux Comptes) are required for most types of companies, even though only SAs (LCs) will have to appoint auditors anyway. Statutory auditors are appointed for six years by law.

For simplified LCs (SAS), the designation of a statutory auditor is mandatory for an SAS exceeding two of the following thresholds at the close of a financial year:

  • Total balance sheet: € 1,000,000
  • Amount of turnover excluding tax: 2,000,000€
  • Average number of employees in a financial year: 20
  • Or if the SAS is a subsidiary or a holding company.

For LLPs (SARL) an auditor must be appointed if 2 of the following thresholds are met:

  • 55M€ or more of total assets,
  • sales exceeding 3.1M€,
  • 50 employees or more.

A second statutory auditor must be appointed when the company must  file consolidated accounts by law.


Latest version updated 16th October 2017

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