Statutory Audit : Legal Compliance & Financial Assurance in tunisia
With our Audit firm in Tunisia (Tunis Centre Urbain Nord & Sfax Beb Jebli), you benefit from a multidisciplinary and integrated approach.
At Luca Pacioli, you enjoy seamless access to an ecosystem of specialists — chartered accountants, lawyers, auditors, wealth managers… This multidisciplinary and integrated approach enables you to receive coordinated, tailor-made advice. Benefit from comprehensive support to secure, optimize and grow your business with complete peace of mind.
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.
