Each year, some 24,000 Belgian companies and associations have their annual accounts examined by a company auditor who then issues an audit report. What does it consist of?
An audit report has two parts:
- The opinion of the statutory auditor on the annual accounts
- The answer to the question whether the laws and regulations have been respected.
Last year, the Institute of Company Auditors (IBR) proposed adding an optional third part. Only if a company itself wishes, it can for example transparently communicate concerning its risk management, its internal control mechanisms or its performance indicators.
BB3's audit reporting includes the following:
- Contribution in kind
- Mergers & demergers