Size Categories of Companies as per § 267 HGB (German Commercial Code)
1. No statutory Audit Obligation for Small Companies (§ 267 Para. 1 HGB)
- Balance Sheet Totals less than € 6.000.000
- Sales Revenue during the fiscal year less than € 12.000.000
- Average number of employees during the fiscal year less than 50
2. Compulsory Audit Obligation for Medium-Sized Companies (§ 267 Para. 2 HGB)
- Balance Sheet Totals more than € 6.000.000 and less than € 20.000.000
- Sales Revenue during the fiscal year more than € 12.000.000 and less than € 40.000.000
- Average number of employees during the fiscal year more than 50 but less than 250
3. Compulsory Audit Obligation for Large Companies (§ 267 Para. 3 HGB)
- Balance Sheet Totals more than € 20.000.000
- Sales Revenue during the fiscal year more than € 40.000.000
- Average number of employees during the fiscal year more than 250
If you have any suggestions or need to discuss on any of the above matters, please feel free to contact us bye-mail: mail@m-r-auditgmbh.com
We shall get in touch with you promptly.
