AFM-Licensed Assurance Practice

Independent Audit & Assurance Services

Statutory audits, voluntary audits, group reporting, and special assurance engagements executed under Dutch professional standards (NV COS) with senior partner accountability.

Explore Practice Areas ↓ Check Your Obligation
Full AFM Wta Licence 13020177 • SRA Quality Reviewed • NV COS Compliant
Just Audit
AFM Licence 13020177
Official Licence to conduct Statutory Audits under Dutch Law
All Service Disciplines

Comprehensive Audit & Assurance Portfolio

Tailored to medium-sized enterprises, international subsidiaries, and growing businesses requiring rigorous independent verification.

Legal Obligation

Statutory Audit (Art. 2:393 BW)

Mandatory audits for entities meeting the Dutch medium or large size criteria. Structured timeline, interim reviews, and formal KvK filing opinion.

  • Dutch Civil Code compliance
  • Boardroom Management Letter
  • Clear year-end sign-off
Statutory Audit Details →
Independent Assurance

Voluntary Audit

Audit engagements requested by credit providers, supervisory boards, shareholders, or pre-IPO scale-ups to establish verified credibility.

  • Investor confidence
  • Bank covenant compliance
  • Preparation for growth thresholds
Voluntary Audit Details →
Cross-Border Groups

Group & Component Audits (ISA 600)

Substantive testing and reporting packages for Dutch components of foreign multinational groups in direct coordination with group auditors.

  • Tight reporting milestones
  • Bilingual English/Dutch reporting
  • Group auditor clearance packs
Group Audits Details →
Review Engagements

Review Engagements (NV COS 2400)

Limited assurance engagements based on analytical procedures and management inquiries, providing credible financial confirmation with reduced burden.

  • Cost-effective assurance
  • Independent practitioner statement
  • Efficient document turnover
Review Engagements Details →
Grant Programs

Grant & Subsidy Audits

Auditor statements for national and international subsidy schemes (WBSO, Horizon Europe, RVO, MIT, European Regional Development Fund).

  • Government protocol compliance
  • Rapid deadline execution
  • Eligible expenditure validation
Grant Audits Details →
Agreed Procedures

Agreed-Upon Procedures (NV COS 4400N)

Objective factual findings on specific financial accounts, inventory valuations, fraud investigations, or supplier contract reconciliations.

  • Specific targeted scope
  • Factual findings report
  • Stakeholder-agreed procedures
Agreed-Upon Procedures Details →
Methodology

Our 6-Stage Assurance Workflow

Clear milestone planning, transparent deliverable dates, and hands-on partner guidance throughout the process.

01
Planning & Scope
Q3 / Early Engagement

Understand business operations, governance, reporting frameworks, and establish engagement materiality.

02
Data & Analytics
Structured Ingestion

Secure electronic transfer of general ledger audit files (XAF), subledgers, bank confirmations, and system documentation.

03
Interim Testing
Q4 Fieldwork

Walkthroughs of key accounting cycles, internal controls evaluation, inventory observations, and early issue resolution.

04
Year-End Fieldwork
Substantive Auditing

Substantive procedures on balance sheet valuations, revenues, cut-off, tax positions, provisions, and complex transactions.

05
Partner Review
Quality Management

Rigorous internal consultation, technical standard review, and draft discussion with CFO, board and audit committee.

06
Auditor's Report
Formal Delivery

Issuance of the independent auditor's opinion and executive management letter with actionable governance recommendations.

Core Capabilities • AFM-Regulated

Explore Our Audit & Assurance Disciplines

Select an engagement type to inspect the statutory framework, core deliverables, and partner leadership.

MANDATORY STATUTORY AUDIT

Statutory Financial Statement Audit

Mandatory examination of annual financial statements for Dutch medium and large enterprises under Book 2 of the Dutch Civil Code. Dual-partner quality review, direct RegisterAccountant leadership, and complete Chamber of Commerce (KvK) digital filing compliance.

GOVERNING FRAMEWORK
Title 9 Book 2 Dutch Civil Code & NV COS standards
KEY DELIVERABLE
Signed Independent Auditor's Report + Management Letter
Explore Statutory Audit Services →
CROSS-BORDER CONSOLIDATION

Group & Component Audits (ISA 600)

Specialized component audit execution for Dutch operating subsidiaries and holding entities within multinational groups. Direct bilateral coordination with foreign principal auditors, dual-GAAP reconciliation (IFRS, US GAAP, Dutch GAAP RJ), and strict group clearance deadlines.

GOVERNING FRAMEWORK
ISA 600 / NV COS 600 Component Instructions & IFRS / US GAAP
KEY DELIVERABLE
Group Reporting Clearance, Intercompany Elimination Certs
Explore Group Component Audits →
STAKEHOLDER & LENDER CREDIBILITY

Voluntary Financial Statement Audits

Independent financial statement audits for entities below statutory size thresholds seeking verified earnings quality, credit covenant compliance for commercial banks, pre-investment due diligence, or proactive opening balance verification for future growth.

GOVERNING FRAMEWORK
Full NV COS Auditing Standards (Full Audit Opinion)
KEY DELIVERABLE
Bank Covenant Certifications & Audited Annual Financial Statements
Explore Voluntary Audit Engagements →
SYSTEMS, CONTROLS & REVIEWS

Review Engagements & IT Assurance

Cost-effective limited assurance under NV COS 2400 based on plausibility analysis and management inquiry, alongside General IT Controls (GITC) reviews and service organization control reports (ISAE 3402 / SOC 1 / SOC 2).

GOVERNING FRAMEWORK
NV COS 2400 (Review) & ISAE 3402 (Service Organization Controls)
KEY DELIVERABLE
Independent Review Statement & ISAE 3402 Type I/II Assurance Opinions
Explore Review & Control Services →
CORPORATE LAW & SUSTAINABILITY

Special Assurance Statements & ESG (CSRD)

Specialist statutory statements under Dutch corporate law for mergers, demergers, and capital contributions (inbreng in natura under Art. 2:328 & 2:94b BW), alongside grant subsidy certifications and limited assurance on ESG / CSRD non-financial reporting.

GOVERNING FRAMEWORK
NV COS 3000, Book 2 BW & European CSRD / ESRS Directives
KEY DELIVERABLE
Notarial Restructuring Declarations & CSRD Assurance Statements
Explore Special & ESG Assurance →
Comparative Superiority • The Just Audit Edge

Why Forward-Thinking Mid-Markets Choose Just Audit

Compare our partner-led, cloud-native model against traditional Big Four and local accounting firms.

THE MODERN STANDARD

Just Audit B.V.

AFM-licensed statutory audit practice built for mid-market efficiency.

  • ✓ Partner Continuity: Guaranteed senior RegisterAccountant leads your file year after year.
  • ✓ Transparent Fixed Fees: All-inclusive proposals with zero surprise billing overages.
  • ✓ Cloud-Native Speed: 100% ledger testing via Caseware API eliminates paper binders.
  • ✓ Rapid Response SLA: Guaranteed 24-hour partner response on technical questions.
Request Proposal →

Traditional Big Four

Global brand designed for public multinationals, not mid-market BVs.

  • ✕ High Junior Turnover: New trainees rotate onto your file every year.
  • ✕ Unpredictable Invoicing: Regular out-of-scope surcharges and rate inflation.
  • ✕ Bureaucratic Process: Slow internal sign-off committees delay opinions.
  • ✕ Low Partner Access: Lead partner appears only for final sign-off.
High overhead costs passed on to clients

Local Accounting Practice

Small generalist practice handling tax, bookkeeping, and small compilations.

  • ✕ No AFM License: Cannot legally sign statutory audits under Art. 2:393 BW.
  • ✕ Manual Paper Sampling: Lacks enterprise audit automation tools.
  • ✕ Limited Group Scope: Cannot handle complex international ISA 600 audits.
  • ✕ Capacity Constraints: Vulnerable to key-person absences.
Restricted to micro and small exemptions
Practice FAQs • Clarity & Governance

Frequently Asked Questions

Clear answers from our RegisterAccountants regarding standards, statutory obligations, international group reporting, and engagement timelines.

Scope & Disciplines

What audit and assurance disciplines does Just Audit B.V. provide?

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Just Audit B.V. delivers the full spectrum of regulated and non-regulated assurance services under Dutch professional standards (NV COS) and international standards (ISA). Our core disciplines comprise mandatory statutory financial statement audits (Art. 2:393 BW), cross-border group component audits (ISA 600), voluntary financial statement audits, independent review engagements (NV COS 2400), grant and government subsidy audits (NV COS 4400N / 3000), agreed-upon procedures (NV COS 4400N), and specialized corporate law declarations (Book 2 BW mergers, demergers, and capital contributions).
AFM Regulatory License

What regulatory licenses and professional qualifications does Just Audit hold?

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Just Audit B.V. operates under a formal audit firm license issued by the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten - AFM) pursuant to the Audit Firms Supervision Act (Wet toezicht accountantsorganisaties - Wta). Our audit engagements are led and signed by senior Dutch RegisterAccountants (RA) affiliated with the Royal Netherlands Institute of Chartered Accountants (NBA), backed by mandatory independent second-partner quality reviews.
Statutory Criteria

How do we determine if our company is legally required to undergo a statutory audit in the Netherlands?

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Under Article 2:396 and 2:397 of the Dutch Civil Code (Book 2 BW), an enterprise is subject to a statutory audit if it meets at least two of the three size criteria (total assets, net turnover, and average full-time employees) for two consecutive balance sheet dates on a consolidated group basis. If your enterprise is below these thresholds, we provide voluntary audits or review engagements to satisfy bank covenants, investor mandates, or international holding requirements.
International Groups

How does Just Audit support multinational groups with Dutch subsidiaries?

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We act as the specialized Dutch component auditor under ISA 600 / NV COS 600. Our partners communicate directly with foreign primary audit teams, execute component instructions, perform dual-GAAP conversions (Dutch GAAP RJ, IFRS, or US GAAP), audit intercompany balances, and issue timely group reporting clearances within tight multinational year-end timetables.
English Execution

Can the entire engagement, communications, and deliverables be executed in English?

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Yes. All client communications, PBC (Prepared by Client) lists, management interviews, interim and final presentations, executive Management Letters, and formal auditor's opinions can be delivered in fluent professional English. This enables international executive teams, overseas parent entities, and non-Dutch supervisory boards to review all findings without translation friction.
Digital Audit Methodology

How does Just Audit minimize the operational workload on our internal finance team?

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We use a cloud-native audit infrastructure centered on Caseware Cloud and secure API ledger connections. Rather than requesting manual sample exports and paper schedules, we ingest complete general ledgers and trial balances digitally, performing automated sub-ledger reconciliations and targeted risk-based testing. Upfront agreed testing timetables prevent last-minute disruptions to your day-to-day operations.
Auditor Transition

What is the process and timeline for transitioning from our current audit firm to Just Audit?

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Switching audit firms is governed by NBA professional standards (Verordening Gedrags- en Beroepsregels Accountants - VGBA). Once engaged, we handle formal professional clearance with your predecessor auditor and inspect prior-year working papers to verify opening balances. We coordinate transition timelines early in Q3/Q4 to ensure full onboarding and interim testing before year-end closing.
Review vs. Full Audit

When should a company opt for a review engagement instead of a full financial statement audit?

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A review engagement (NV COS 2400) provides limited assurance based primarily on analytical procedures, ratio analysis, and management inquiry, concluding with a negative assurance statement ('nothing has come to our attention'). It is significantly faster and more cost-effective than a full audit. It is ideal for mid-market entities whose financing agreements or shareholders require independent verification without the extensive substantive testing of a full statutory audit.
Management Letter Value

What actionable insights does management receive beyond the statutory audit opinion?

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Every audit engagement culminates in an executive Management Letter presented to the Board of Directors and Audit Committee. This deliverable outlines practical observations on internal control effectiveness, segregation of duties, ERP systems, cybersecurity readiness, and accounting best practices, helping leadership de-risk operations and strengthen financial governance.
Fixed-Fee Guarantee

How does Just Audit structure audit fees, and are fees fixed upfront?

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We operate on a transparent fixed-fee model. Following our initial scoping and risk assessment, we provide an all-inclusive engagement fee agreed before fieldwork begins. We do not bill for routine partner phone calls, ad-hoc technical check-ins, or administrative overhead. Any scope change resulting from unexpected structural transactions or accounting restatements is discussed and approved in writing in advance.
Explore Engagement Options

Request a tailored proposal for your business.

Our partners are available to evaluate your reporting needs and provide a clear quotation within 48 hours.

Request a Proposal → Call Direct Partner Line (+31 85 026 10 17)
Direct partner line: +31 85 026 10 17 • info@justaudit.nl • Hoofddorp & Harderwijk