Statutory Audit in Tunisia – Legal Compliance & Financial Assurance | Luca Pacioli
Ensure your company’s legal compliance and financial transparency in Tunisia with our statutory audit services. Since 2010, we have supported over 100 Tunisian and international companies in securing legal obligations and boosting investor confidence.
Specialized Solutions
Under Tunisian law, the appointment of a statutory auditor (“Commissaire aux Comptes”) is mandatory for all joint-stock companies and, under certain conditions, for other legal forms. Our licensed CPAs support you through the appointment and execution of the statutory audit in full compliance with Article 13 of the Tunisian Commercial Companies Code.
When mandatory ?
– All joint-stock companies;
– Other companies (LLC, SUARL, partnerships) when exceeding 2 of 3 thresholds (assets TND 100,000, revenues TND 300,000, 10 employees) for two consecutive years;
– Upon request by shareholders (Articles 123 & 124).
Our services
Certify the fairness and accuracy of financial statements;
Annual financial audit: Full verification of financial statements in accordance with Tunisian law.
Consolidated accounts certification: Analysis and validation for corporate groups.
Article 13 compliance support: Assistance to meet Tunisian legal requirements.
Contractual & transactional audit: Financial assessment for mergers, acquisitions, and financing operations.
Why Us?
Registered with the Order of Chartered Accountants of Tunisia.
Experienced Legal Professionals: Skilled team with extensive experience in contractual and legal matters.
Tailored Approach: Customized solutions to meet individual business demands and industry regulations.
Comprehensive Analysis: Thorough examination of all contract and legal document aspects.
Actionable Recommendations: Providing practical solutions, tactics for problem resolution, advice on control weaknesses, and confirmation of complex transaction accounting treatments.
Solid experience in spare parts trading, manufacturing industries, holdings, building materials factories, robotics and aviation companies, renewable energies..
Our Process
Initial Consultation: Discussing business needs, goals, and issues.
Document Collection: Gathering necessary contracts and legal papers for review.
Audit and Analysis: Conducting a thorough review to find risks and improvement opportunities.
Report and Recommendations: Delivering a comprehensive report with practical recommendations.
Consultation and Implementation: Assisting with the implementation of proposed changes.
Follow-up and Support: Continuous assistance and support for legal compliance and success.
Core Priorities
100+ statutory audit missions completed
100 % legal compliance and deadlines met
38 years’ experience across multiple industries
Frequently Asked Questions
When mandatory to appoint a statutory auditor in Tunisia?
Companies that are required to appoint an external auditor and conduct a legal audit of their accounting are Commercial companies (SA, SARL) when they exceed two of the three following thresholds at the end of an accounting period according to Article 13 (new) of the commercial companies code:
Balance sheet total: 100,000,000.
Total duty-free products 300,000,000.
Average number of employees 10.
Other types of companies, the limits, and the method of calculating the average number of employees, provided for in paragraphs 2 and 3 of this article, shall be fixed by decree.
Balance sheet total 1,500,000,000
Total duty-free products 2,000,000,000
Average number of employees 30
Am I required to submit to a contractual audit?
In contrast to a legal audit, a contractual audit is a one-time mission with terms agreed upon between the company and the auditor in an engagement letter. This intervention tries to provide feedback on the company's financial statements during specific occasions, such as an evaluation of the company to introduce new capital investors.
Why is a contractual and legal audit important to my company?
A contractual and legal audit assists in identifying potential risks, ensuring compliance with laws and regulations, and optimizing your legal framework to protect your company from legal hazards.
How long does an audit normally take?
The length of the audit depends on the size and complexity of your company, as well as the number of contracts and legal documents that must be checked. During the initial session, we will offer you an expected timeline.
Can shareholders request the appointment of a statutory auditor?
Yes. In LLCs, one or more shareholders holding at least 10 % may request it; at 20 % it becomes mandatory.
What is the main role of the statutory auditor?
To verify and certify the fairness and accuracy of the company’s financial statements and report to the shareholders’ meeting.
Are you registered with the Order of Chartered Accountants of Tunisia?
Yes, Luca Pacioli is registered and authorized to carry out statutory audit missions.
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