A statutory audit is more than a legal requirement. It provides assurance over the reliability of your financial reporting and valuable insights into your organisation’s processes and internal controls. For shareholders, lenders and other stakeholders, an audit provides an important foundation for trust and informed decision making.

RSM performs statutory audits for medium sized and large companies, family owned businesses and internationally active organisations. We combine in depth knowledge of financial reporting and regulations with a personal and practical approach tailored to your organisation.

Why a statutory audit matters

An audit of your financial statements provides assurance over:

  • the accuracy and completeness of financial reporting
  • the effectiveness of internal controls
  • compliance with applicable laws and regulations

For many organisations, a statutory audit is a legal requirement. Even when an audit is not mandatory, it can provide valuable assurance, help manage risks and prepare your organisation for further growth or external financing.

Our approach to statutory audits

We start with a thorough risk assessment of your organisation and its processes. Based on this assessment, we determine the scope of our audit procedures. During the audit, we assess areas including:

  • financial administration
  • internal controls
  • IT systems and data flows
  • significant estimates and valuations

Our auditors work in a structured manner and communicate clearly about their findings and recommendations. This provides you not only with assurance over your financial statements, but also with practical insights that can help strengthen your processes and internal controls.

More than an audit

A statutory audit not only provides assurance to external stakeholders, but also generates valuable insights for your own organisation. Our findings can help improve processes, risk management and financial management.

RSM works with dedicated points of contact and maintains close communication throughout the audit process. Where required, we involve specialists in areas such as IT audit, tax and international financial reporting. This gives you the personal attention of a dedicated team combined with the expertise of an international network.

Who is a statutory audit relevant for?

We support:

  • medium sized companies subject to statutory audit requirements
  • family owned businesses
  • internationally active companies
  • organisations undergoing growth or restructuring
  • companies seeking external financing

Our experience spans a wide range of industries within the mid market.

Looking for assurance over your financial statements?

Would you like to understand what a statutory audit means for your organisation, or are you looking for a new statutory auditor? Our Assurance specialists are happy to discuss your requirements. Contact us for an initial consultation.

Our services

Review of Financial Statements

Audit of the Financial Statements

Please contact us for more information

Wilfred Castricum
Partner & Head of Assurance
View profile
Hoofddorp
+31(0)23 530 04 00

Do you have a question? We will get back to you as soon as possible.

Frequently Asked Questions about Audit & Assurance Services:

A statutory audit is required when your company meets at least two of the applicable statutory criteria for two consecutive financial years.

A financial statement audit involves more extensive procedures and provides a higher level of assurance. A review engagement involves less extensive procedures and therefore provides a limited level of assurance.

The duration depends on the size and complexity of your organisation. We agree on a clear timetable in advance that aligns with your financial reporting process.

This typically includes your financial administration, financial statements, supporting documentation and information about your organisation’s internal controls.