Accountancy in The Netherlands

>> Audit Requirements in The Netherlands

Requirement and thresholds

In the Netherlands it is statutory (based on legal requirements) mandatory for an medium sized or large company to let do an audit of the financial statements.

Companies where any two of the three criteria mentioned after this are applicable for two consecutive years classify as medium sized:

  • total balance of at least 6 million Euro, and/or
  • at least 50 working employees, and/or
  • revenue of at least 12 million Euro.

Auditors performing statutory audit engagements in the Netherlands are supervised by the AFM (Authority Financial Markets). Only audit companies with license from the AFM are allowed to perform statutory audits.

The professional body for accountants in the Netherlands is the NBA (Nederlandse Beroepsorganisatie van Accountants – The Netherlands Institute of Chartered Accountants) and all accountants in public practice must belong to this body.


Latest version updated 12th February 2018

Country Breakdown

17.02

Million

Population

Euro

Currency

$ 770.8

Billion

GDP

41,543

km2