Title 9, Book 2 Dutch Civil Code

Statutory Audit (Art. 2:393 BW)

Independent examination and formal certification of annual financial statements for Dutch entities meeting statutory size criteria.

Request a Proposal → Check Audit Obligation

AFM Licence 13020177 • RegisterAccountant Lead • Dutch NV COS Standards

AFM Licence 13020177

Official Licence to conduct Statutory Audits under Dutch Law

Methodology & Standards

Structured Execution with Senior Partner Leadership

Independent examination and formal certification of annual financial statements for Dutch entities meeting statutory size criteria.

Legal Basis Article 2:393 Dutch Civil Code (Book 2 BW)

Standard NV COS 200–700 / Dutch GAAP (RJ) / IFRS

Supervision AFM Licence 13020177 • SRA Quality Review

Sign-off Registered Accountant (RA)

Request Proposal for Statutory Audit (Art. 2:393 BW) →

01 Management Letter

Pre-audit & Interim Audit

Internal controls evaluation and IT walkthroughs conducted in Q3/Q4 to resolve key issues prior to year-end closing.

02 Audit Findings

Substantive Year-End Fieldwork

Rigorous verification of balance sheet accounts, revenue recognition, valuation estimates, and statutory disclosures.

03 Final RA Opinion

Formal Auditor Opinion & Filing

Unqualified auditor’s report provided for adoption by the AGM and digital deposit at the Dutch Chamber of Commerce (KvK).

STATUTORY AUDIT SCOPE & DELIVERABLES

Comprehensive Statutory Examination & Certification

We deliver rigorous independent assurance under Dutch Civil Code (Book 2 BW) and NV COS standards, providing certified assurance, management insights, and boardroom credibility for Dutch and international stakeholders.

Annual Financial Statement Certification

Internal Controls & Independent Management Letter

Consolidation & Group Reporting (ISA / COS 600)

Chamber of Commerce (KvK) Standard & SBR Filing Pack

Substantive Valuation & Revenue Recognition Verification

Digital Audit Trail & Cloud Ledger Ingestion

Schedule a Technical Scoping Discussion with Our Partners

OUR STATUTORY PROCESS

How Your Audit Runs from Scoping to Opinion

We combine AFM-licensed rigor with proactive cloud planning. No surprise requests in April — every milestone is agreed in advance.

1. Pre-Audit Scoping & Threshold Check

Assessing consolidation scope, 403-liability statements, materiality thresholds, and planning deadlines.

2. Caseware Direct ERP Ingestion

Secure API connection to Exact, AFAS, NetSuite, or Twinfield to bypass manual document collection.

3. Interim Testing & Risk Assessment (Q3/Q4)

Resolving complex revenue recognition, valuation, and internal control questions months before year-end rush.

4. Year-End Execution & RA Partner Sign-Off

Substantive testing, dual-partner quality review, and delivery of the signed independent auditor’s report.

Registered Dutch Audit Practice (AFM & NBA)

Our statutory engagements are led directly by registered Dutch RegisterAccountants (RA) with deep Big Four backgrounds. Operating under AFM Licence 13020177 and strict NBA independence standards, we combine regulatory precision with commercial responsiveness. From Dutch GAAP (RJ) to IFRS consolidation packages, our partners stay actively involved throughout every phase to deliver definitive certification, zero surprise findings, and clear communication with your supervisory board, audit committee, and international stakeholders.

Regulatory Clarity

Frequently Asked Questions Regarding Dutch Statutory Audits

Direct answers from our RegisterAccountants regarding thresholds, timelines, reporting standards, and governance.

Criteria

When is a statutory audit mandatory for a Dutch BV?

Under Article 2:393 Book 2 of the Dutch Civil Code (BW), an audit is mandatory when a company exceeds at least two of the three size criteria for two consecutive balance sheet dates: Total Balance Sheet Assets (> €7.5M), Net Annual Turnover (> €15.0M), and Average Full-Time Equivalents (FTE >= 50). Newly established companies are audited immediately in their first financial year if two criteria are met.

Governance

What is the role of the Management Letter?

Our Management Letter provides executive management, the audit committee, and the supervisory board with actionable, constructive findings regarding internal control systems, IT security, revenue recognition protocols, and financial closing governance.

Consolidation

Are Dutch holding companies and subsidiaries audited on a standalone or consolidated basis?

Audit thresholds must be evaluated on a consolidated group basis under Article 2:396 paragraph 6 BW. If the consolidated group meets the criteria, every group entity is in principle subject to a statutory audit, unless a specific statutory exemption applies such as an Article 403 liability declaration or intermediate holding exemption under Article 408 BW.

International

Can the entire statutory audit and deliverables be conducted in English?

Yes. Comprehensive English delivery is standard at Just Audit Global. All audit planning documents, PBC questionnaires, meeting interactions, Management Letters, and the final Auditor’s Report are provided in fluent professional English to align seamlessly with foreign parent boards, group auditors, and international lenders.

Timeline

How does the audit timeline run, and how are client disruptions minimized?

We divide the audit into two focused phases: an interim audit in Q3/Q4 to test internal controls and resolve technical accounting positions early, followed by year-end fieldwork. Using Caseware Cloud and secure digital PBC lists, document requests are structured and transparent, eliminating last-minute emergencies during financial close.

Reporting Standards

Do you support both Dutch GAAP (RJ) and IFRS frameworks?

Yes. Our RegisterAccountants (RA) possess extensive Big Four experience across Dutch GAAP (Raad voor de Jaarverslaggeving - RJ) and IFRS/US GAAP frameworks, including revenue recognition (IFRS 15 / ASC 606), lease accounting (IFRS 16 / ASC 842), and intercompany reconciliation.

Switching Auditor

How smooth is the transition when switching from another Dutch audit firm?

Switching to Just Audit is structured and friction-free. Under Dutch professional auditing rules (NVKS), we handle collegial clearance directly with your predecessor auditor and perform a structured opening balance review, ensuring zero operational downtime for your finance team.

Transparent Fees

How does Just Audit structure audit fees and avoid unexpected cost escalations?

We operate on a transparent fixed-price guarantee. Once the audit scope, entity structure, and PBC timelines are established, our fee is agreed upfront. You receive senior partner attention without unpredictable hourly overruns or unexpected post-audit invoicing.

Ready to Discuss Statutory Audit (Art. 2:393 BW)?

Speak directly with an engagement partner.

Receive a clear, fixed-fee proposal from Tjerk Wolsak RA or Sven Steijn RA.

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