Statutory auditors – Auditing
Certification of your accounts may be required by law
In Monaco, some companies are required to have one or even two statutory auditors.
Auditors for SARLs (Limited liability companies) and SAMs (Monegasque joint stock companies)
- SAM: 2 statutory auditors required
- SARL: 1 statutory auditor required in the following cases:
- Share capital > or = €150 K
- 2 of the 3 following thresholds exceeded for 2 years:
- – balance sheet total = €1.5m
- – TURNOVER BEFORE TAX = €2.5M
- – employees = 20
Contractual audit
