Audit (auditor’s report)
Regarding financial statements audits a distinction can be made between statutory (legal) audits* and audits conducted on other than statutory grounds. Statutory (legal) audits have become extensively regulated by national and international legislation and guidelines in recent years, mainly due to audit scandals overseas and in the Netherlands.
In order contain the growing number of such scandals an audit license system was installed. Only those audit firms which fulfill certain strict requirements are eligible for such a license. These audit firms are frequently monitored by the AFM (Authority Financial Markets).
Chartered Accountants who are not working for such accountancy companies are no longer allowed to issue an audit opinion! In order to be able to conduct statutory (legal) audits MPR Accountants has obtained the aforementioned license.