Limited Audit

If the requirements for an ordinary audit are not met, the company must have its annual accounts audited by an auditor on a limited basis.

The purpose of the limited audit is to determine whether there are material elements in the financial statements that do not comply with the articles of association and the law.

The limited audit is conducted using the Swiss Standard on Limited Auditing. The scope of the audit procedures and thus the level of assurance provided is less for a limited audit than for a full audit.

Make an appointment

+41 26 350 35 00
office@progressia.ch

Who is subject to a limited audit?

Companies that do not exceed two of the following criteria in two consecutive financial years must have their annual financial statements audited by an auditor on a limited basis:

a.  Balance sheet total of CHF 20 million
b.  Sales revenue of CHF 40 million
c.  250 full-time positions on an annual average

With the consent of all shareholders, the limited audit may be waived if the company has no more than ten full-time employees on an annual average.