In contrast to a limited audit, the audit procedures extend much further in regular audits and therefore lead to a more detailed report for interested parties such as the board of directors, banks and stakeholders.
Nowadays, regular auditing is more an exception than a rule and is mostly performed for large corporations.
1. Companies which exceed two of the named thresholds (below) over two financial years in a row
2. Public companies
3. Companies that are obliged to prepare a consolidated financial statement (insurance, banking, etc.)
4. All companies that are required by law to perform regular auditing
shareholders who together account for at least 10% of share capital demand a