Do You Need an Accountant in Denmark?
In Denmark, it is not mandatory for all companies to have an auditor. Legal requirements depend on the company's size, turnover, and ownership structure. Here is a general overview:
Small businesses: Sole proprietorships and smaller companies (e.g., IVS) do not have a legal requirement to have an auditor, unless they meet certain criteria, such as high turnover or a large number of employees.
Medium-sized and large companies: Companies of a certain size or complexity, including public limited companies (A/S) and private limited companies (ApS), may be required to have an auditor according to the rules on audit obligations.
Regulated businesses: Certain types of businesses, such as financial institutions and listed companies, may be subject to special legal requirements to have an auditor.
It is important for companies to be aware of the applicable rules and requirements regarding audit obligations and to seek professional advice if they are in doubt. Although it is not always legally required to have an auditor, it can still be beneficial for companies to hire an auditor to review their accounts and provide advice on financial matters.
