What is revision (audit)?

In short

Revision is an auditor's independent check of an annual report, ending in an audit opinion. It's only mandatory for companies above certain thresholds — two of three, two years running: DKK 8 million revenue, DKK 4 million balance sheet and 12 employees.

In practice

Below the thresholds you can opt out of audit in the articles of association and simply have the annual report prepared — significantly cheaper.

Go deeper: What does an accountant (revisor) cost for a small business?

Related terms

• Revisor (auditor)
• Årsrapport (annual report)
• See every term in the dictionary

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