An audit report. What and how?

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:

  1. The opinion of the statutory auditor on the annual accounts
  2. 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
  • Quasi-contribution
  • Conversion
  • Liquidation 
  • Mergers & demergers