{"id":1465,"date":"2024-03-14T10:54:44","date_gmt":"2024-03-14T09:54:44","guid":{"rendered":"https:\/\/vwg.nl\/uncategorized\/grensbedragen-controle-jaarrekening-verhoogd\/"},"modified":"2026-03-03T10:34:41","modified_gmt":"2026-03-03T09:34:41","slug":"audit-limit-amounts-increased","status":"publish","type":"post","link":"https:\/\/vwg.nl\/en\/grensbedragen-controle-jaarrekening-verhoogd\/","title":{"rendered":"Audit limit amounts increased"},"content":{"rendered":"

In the Official Gazette<\/a> dated 12 March 2024, the decision increasing the limit amounts for audit of financial statements was published. The decision can be invoked with effect from 13 March 2024.<\/p>\n\n\n\n

Categories of legal entities<\/h2>\n\n\n\n

Four categories of legal entities are distinguished in size: micro, small, medium and large. A legal entity falls into a category when two of the three criteria are met for 2 consecutive financial years. Legal entities belonging to the large category are (among other things) required by law to have an annual audit.<\/p>\n\n\n\n

Three size criteria<\/h2>\n\n\n\n

The three criteria used to determine whether a legal entity is micro, small, medium or large are:<\/p>\n\n\n\n

    \n
  • the balance sheet total;<\/li>\n\n\n\n
  • net sales;<\/li>\n\n\n\n
  • the number of employees.<\/li>\n<\/ul>\n\n\n\n

    The criteria total assets<\/em> and net turnover<\/em> have been increased as an adjustment for inflation. The correlation table below explains the changes. The criterion number of employees<\/em> (48) was not changed.<\/p>\n\n\n\n

    The amended criteria will apply from the 2024 financial year. However, the firm may decide to apply them even before the 2023 financial year. If it is decided to withdraw the engagement for a statutory audit for the 2023 financial year, the firm must notify the AFM of this in writing without delay, with adequate justification.<\/p>\n\n\n\n

    Category<\/th> <\/th>Maximum limit amounts<\/th><\/tr>
     <\/th> <\/th>Balance:<\/th>Net sales<\/th><\/tr><\/thead>
    Micro<\/td>Current<\/td>\u20ac 350.000<\/td>\u20ac 700.000<\/td><\/tr>
     <\/td>Raised by 25%<\/td>\u20ac 437.500<\/td>\u20ac 875.000<\/td><\/tr>
     <\/td>Completed<\/td>\u20ac 450.000<\/em><\/td>\u20ac 900.000<\/em><\/td><\/tr>
     <\/td>Increase<\/td>28,6%<\/td>28,6%<\/td><\/tr>
    Small<\/td>Current<\/td>\u20ac6 million<\/td>\u20ac12 million<\/td><\/tr>
     <\/td>Raised by 25%<\/td>\u20ac7.5 million<\/td>\u20ac15 million<\/td><\/tr>
     <\/td>Completed<\/td>\u20ac7.5 million<\/em><\/td>\u20ac15 million<\/em><\/td><\/tr>
     <\/td>Increase<\/td>25%<\/td>25%<\/td><\/tr>
    Medium<\/td>Current<\/td>\u20ac20 million<\/td>\u20ac40 million<\/td><\/tr>
     <\/td>Raised by 25%<\/td>\u20ac25 million<\/td>\u20ac50 million<\/td><\/tr>
     <\/td>Completed<\/td>\u20ac25 million<\/em><\/td>\u20ac50 million<\/em><\/td><\/tr>
     <\/td>Increase<\/td>25%<\/td>25%<\/td><\/tr>
    Large<\/td>Above the limit amounts of medium-sized<\/td><\/tr><\/tbody><\/table>
    Transposition table taken from the Explanatory Memorandum<\/figcaption><\/figure>","protected":false},"excerpt":{"rendered":"

    In het Staatsblad van 12 maart 2024 is het besluit gepubliceerd waarmee de grensbedragen voor controle van de jaarrekening worden verhoogd. Met ingang van 13 maart 2024 kan op dit besluit een beroep worden gedaan. Categorie\u00ebn rechtspersonen Er worden in omvang vier categorie\u00ebn rechtspersonen onderscheiden: micro, klein, middelgroot en groot. Een rechtspersoon valt in een […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1465","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/1465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/comments?post=1465"}],"version-history":[{"count":1,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/1465\/revisions"}],"predecessor-version":[{"id":3477,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/1465\/revisions\/3477"}],"wp:attachment":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/media?parent=1465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/categories?post=1465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/tags?post=1465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}