AOB Auditors in Spain

Audit Limits

Audit of financial statements

Audit of Grants

Audit of foundations

Public Sector

Forensic Reports

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Mandatory Audit

Mandatory Audit or Voluntary Audit: (in excess of the audit limit for mandatory audit of the financial statements). Current audit limits.

As well as making other changes, the new General Accounting Plan of 1 January 2008 amended the mandatory audit limit for financial statements for the purpose of preparing the abbreviated balance Sheet and Statement of changes in net equity set forth in the Capital Companies Act. In any case, it is mandatory that financial statements above the audit limit must be verified by a ROAC certified chartered auditor. These are the following companies:

1. Companies falling within two of the following categories at year end for two consecutive years. (This is what is known in auditing jargon as the audit limit):

  • The total of all items (assets and/or liabilities) exceeds 2.8 million euros.
  • The net turnover of the business is below 5.7 euros. (Do not confuse company sales and income. It appears to be but is not 100%, see financial statements, gains/losses account).
  • The average number of employees during the financial period did not exceed fifty. (Agency workers do not count).

2. For the first financial year from formation, transformation or merger, companies may prepare the balance sheet and statement of changes in net equity in abbreviated net equity if at year end at least three of the conditions set out in the paragraph above are met. Therefore, if the mandatory audit limits are not exceeded, you should not audit your accounts.

These mandatory audit limits have been in force since 1 January 2008. If you are unsure about whether or not your company is required to audit its financial statements or if you need any information about mandatory audit limits, please do not hesitate to contact us. The limits for mandatory audits in Spain differ from those in other European Union countries. Mandatory and voluntary audit limits.


  • Auditors ROAC
  • Mandatory Audit
  • Voluntary Audit.
  • Audit Services.

In AOB auditors audit reports we produce annual financial statements for medium-sized companies, are registered in the ROAC auditors in the ICAC, national auditors...


  • Voluntary audits foundations.
  • Mandatory audits foundations.
  • Audits mandatory associations.
  • Audit cooperatives.

After meeting the requirements, some foundations this must-audited, auditors AOB has a department with five auditors specialized in audits ROAC ...


  • Audit Report for justification of subsidies CDTI.
  • Audit Report for FEDER justification - 7th Framework Programme.
  • Audit report first level controller.

Our auditors have over 10 years experience in the realization of audit reports justification of subsidies and/or aid granted by public agencies ...


  • Audit Report for reservations capital.
  • Audit Report compensation capital credits.
  • Audit report for capital reduction.

We report enlargement or reduction of capital under current law corporations. As auditors we have a team that specializes in these reports ...


  • Expert reports profits calculation.
  • Economic expert reports to justify dismissal.
  • Expert reports for calculating compensation.

We have a team of expert economists in making economic expert reports for financial investigation procedures ...

AOB Auditors are members of:


As independent auditors, registered in the ROAC, we specialize in audits of small and medium enterprises of various sectors. We are a national firm with auditors throughout Spain with a significant presence in Madrid and Barcelona.


AOB Auditores is a firm with a team composed of specialized auditors, with over 6 years of experience that allows us to perform the auditor selection process more consistent and more experienced in the work being done.

International vision:

Aware of the importance of international expansion, AOB Auditors has an international department in collaboration with International ETL, with over 700 offices at European level to meet the needs of our customers.

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"AOB AUDITORES only performed audit jobs."

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