When is the auditors' report mandatory?
Pursuant to article 2, Subparagraph A1, of Law 4336/2015 (Government Gazette 94 A), are subject to control and must submit to GEMI Auditors' Reports, by Entity as follows:
- In Large Entities the Auditors' Report is Mandatory whether they prepare simple or consolidated financial statements.
- In the Medium Entities the Auditors' Report is Mandatory when they prepare simple financial statements and Potential when they prepare consolidated financial statements.
- In all other Entities (Small & Very Small) the Auditors' Report is Potential whether they prepare simple or consolidated financial statements.