Voluntary audit of the financial statements
Voluntary audit of the financial statements
About voluntary audit of the financial statements
The approach to a voluntary audit of financial statements is according to the same standards as the statutory audit
If an audit is performed that is not required by law, we speak of a voluntary audit. This may be chosen, for example, to provide additional assurance to shareholders or providers of financing. It also happens that the articles of association of an organisation stipulate that an audit of the financial statements must be carried out. This regularly occurs, for example, with foundations, associations and cooperatives.
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During the voluntary audit, we also investigate the reliability of the information in the financial statements and issue an audit opinion with these financial statements. Our approach for the voluntary audit is the same as the approach for the statutory audit of the financial statements.
Just as with a statutory audit, our approach focuses on the company, its objectives and the internal organisation. In this way, in addition to the extra certainty about the figures, you also gain more insight into the functioning of the company. We will also share any proposals for improvement with you. In this way, the voluntary audit can also make a valuable contribution to improving and optimising your company.
With our enthusiastic team and smart applications, we are happy to be of service
Our audit approach, five phases to insight and certainty
Just as with a statutory audit, our approach focuses on the company, its objectives and the internal organisation. In this way, in addition to the extra certainty about the figures, you also gain more insight into the functioning of the company. We will also share any proposals for improvement with you. In this way, the voluntary audit can also make a valuable contribution to improving and optimising your company.
With our enthusiastic team and smart applications, we are happy to be of service.
Personal approach
Frequently asked questions
What is a voluntary audit of the financial statements?
A voluntary audit is an audit that does not fall under the statutory audit criteria. This does not mean that an audit is always truly voluntary. For example, the audit may be required by a subsidy. Even then, such an audit is called a voluntary audit.
Of course, a voluntary audit can also be a matter of choice. You then choose extra security for shareholders, financiers or other stakeholders.
Why do organisations opt for a voluntary audit?
Organisations can opt for a voluntary audit to provide extra assurance to the users of the financial statements, such as shareholders, financiers or grant providers. Performing an audit may also be a requirement for obtaining a grant. This plays a greater role for foundations and associations.
What is the difference between a statutory and a voluntary audit?
A statutory audit is a mandatory audit of the financial statements for companies that meet certain size criteria. See also our checklist.
How does a voluntary audit proceed?
There is no difference in the approach to a statutory or voluntary audit. See also the 5 phases for the statutory audit.
What are the benefits of a voluntary audit?
A voluntary audit not only offers extra certainty about the figures, but also valuable insights into your internal processes. We identify points for improvement and provide practical advice to strengthen your organisation.
How does a voluntary audit proceed?
There is no difference in the approach to a statutory or voluntary audit. See also the 5 phases for the statutory audit.
How often should a voluntary audit take place?
The audit is usually carried out annually, at the same time as the preparation of the financial statements. Some organisations choose to do this periodically or at specific events, for example in the event of a merger or financing application.
What does a voluntary audit cost?
The costs depend on the size, complexity and sector of your organisation. We always draw up a transparent, tailor-made quotation, so that you know exactly what to expect, without any surprises afterwards
Working together on trust and clarity.
Marten Bouma
Partner
Does our vision of a personal approach appeal to you? Would you like to know what we can do for your organization? Please feel free to contact us, we would be happy to talk to you.