An audit company in Denmark interprets the accounting records for preparing financial statements and identifies potential financial risks. Our law firm in Denmark has a dedicated team of Danish accountants within our company, offering auditing services to a wide range of businesses. Our auditors are authorized to conduct reviews for public or private limited companies, partnerships, representative offices, or branches.
| Quick Facts | |
|---|---|
| Audit requirements in Denmark | Companies in Denmark are required to undergo an audit if they exceed two out of three criteria: net revenue, total assets, and average number of employees. |
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Audit exemptions |
Small companies meeting specific thresholds may be exempt from mandatory audits, including limited companies and partnerships. |
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Audit thresholds in Denmark |
Companies with net revenue over DKK 8 million, total assets over DKK 4 million, or average employees exceeding 12 need an audit. |
| Audit company requirements | Audits must be carried out by certified public accountants or registered audit firms authorized by the Danish Business Authority (Erhvervsstyrelsen). |
| Audit frequency and timeframe |
Mandatory audits are conducted annually, covering the company’s financial statements. |
| Audit opinion |
After the audit, the auditor issues an opinion on the accuracy and fairness of the financial statements. |
| Audit report in Denmark |
The audit report must be submitted to the Danish Business Authority and made available to shareholders. |
| Types of audits in Denmark |
financial audits, compliance audits, operational audits. |
| Internal control assessment of audits |
Auditors assess a company’s internal controls to ensure the accuracy and integrity of financial reporting. |
| Audit standards and requlations | Audits in Denmark follow international audit standards (ISA – International Standards on Auditing) and national regulations. |
| Audit fees in Denmark |
The fees for an audit depend on the size of the company and complexity of the audit, typically agreed upon in advance. |
| Responsibility of management while audit in Denmark |
Management is responsible for preparing accurate financial statements, while auditors verify their compliance with accounting standards. |
| Audit for small companies |
Small companies that meet the criteria for exemption may opt for voluntary audits to gain trust and improve financial transparency. |
| Audit enforcement |
Non-compliance with audit requirements can result in penalties or fines imposed by the Danish Business Authority. |
| Assistance | You can rely on our specialists with regard to audit services for companies in Demark. |
Which audit and accounting services do you offer in Denmark?
Our accountants and auditors in Denmark provide accounting and auditing help which depends on the size and form of your company. Our services include:
- statutory audits and audit reports;
- reviews extended in accordance with the eligibility of your company;
- preparation and review of annual reports;
- accounting and financial reporting help;
- reviews of compliance and internal controls;
- due diligence and financial analysis;
- audit support for foreign companies.
What are the types of audits in Denmark in 2026?
Audits in Denmark are conducted for a wide range of activities beyond just the standard financial statement audits. Below, you can find some of the other key activities that auditors may engage in within Denmark:
- Financial audits: verifying the accuracy of financial statements to ensure they represent a true and fair view of a company’s financial position;
- Compliance audits: ensuring companies in Denmark comply with tax, legal, and regulatory requirements, including labor and environmental laws;
- Internal control audits: evaluating the effectiveness of a company’s internal systems to prevent fraud and errors;
- Risk management audits: assessing how well a company identifies and mitigates financial, operational, and market risks;
- Forensic audits: investigating financial misconduct or fraud, typically in cases of suspected criminal activity;
- Due diligence audits: conducted during mergers or acquisitions to assess the financial health and risks of a target company;
- ESG audits: verifying a company’s Environmental, Social, and Governance (ESG) practices and sustainability reporting;
- Operational audits: evaluating the efficiency and effectiveness of a company’s operations and processes;
- Performance audits: assessing whether a company meets its objectives efficiently and economically;
- Pension fund audits: ensuring pension funds comply with regulations and are financially sound.
Who oversees the auditing reporting in Denmark?
Denmark follows the accounting, auditing, and financial reporting requirements of EU Regulations and Directives. The Danish Business Authority (DBA) and the Danish Financial Supervisory Authority (DFSA) are responsible for overseeing financial reporting and auditing. Our auditors in Denmark comply with these regulations to help businesses meet the legal requirements.
What does a business have to do in preparation for an audit in Denmark in 2026?
In preparation for an audit in Denmark, a business needs to ensure that all its financial documents and papers are in place. These include:
- accounting books and ledgers;
- bank statements and their reconciliation;
- invoices and receipts;
- payroll papers;
- contracts;
- inventory papers;
- papers on assets and liabilities;
- past financial statements and auditor reports.
Which companies need to submit annual reports in Denmark?
In Denmark, only certain companies are legally required to submit an annual report. The Danish Financial Statements Act categorizes companies, based on their size, into four reporting classes—A, B, C, and D. Class A refers to small companies, while class D refers to the largest listed companies.
Who needs an audit in Denmark in 2026?
An audit in Denmark is mandatory for class C and D companies. The audit is also mandatory for class B companies unless they do not exceed two of the following thresholds over two consecutive financial years:
- A total balance sheet of 4 million DKK;
- Net turnover of 8 million DKK;
- Have an average of 12 full-time employees during the fiscal year.
Are there any additional audit requirements for some industries?
Yes. Starting from 2026, some companies within classified risk industries will be required to provide additional information even if they might otherwise be eligible for waiving the audit requirement. Specifically, the annual report of Class B company, that is a member of the classified risk industries and has a net turnover greater than DKK 5 million per year for two years running, will contain an auditor’s statement.
For further assistance with audits in Denmark or with other legal services, contact our Danish law firm.