Statutory audit
As a business, various situations may legally require you to appoint an auditor. This can include the review of your annual accounts but also significant transactions such as mergers, demergers or liquidations. PIA Group ensures correct execution with clear communication and minimal hassle. We are your independent partner who knows the rules and makes them workable.
Voluntary audit
Do you want greater peace of mind as a business leader, or are you looking for confirmation for yourself or your stakeholders? In that case, you can voluntarily have an independent audit carried out. It is a strong signal of transparency and maturity that also provides insight and guidance. PIA Group combines strict objectivity with pragmatic advice.
Audit in Acquisitions or Restructurings
An acquisition, merger or capital transaction is not an everyday occurrence. That is precisely why you want certainty. How healthy is the company? What are the risks? How do you determine the right value? Or how do you defend your position in a shareholder dispute? Our auditors help you gain insight into complex transactions and situations. We work quickly, discreetly, and with a sharp eye for risks and opportunities.
ESG Audit: Examining Sustainability
Sustainable and responsible business is becoming increasingly important, not only for your reputation but also due to growing reporting obligations. An ESG audit helps move your organisation forward. We review your performance, identify risks and ensure you are ready for future-oriented compliance.
Expert Investigation in Disputes
In conflict situations or complex transactions, our auditors act as independent experts. This includes:
valuation in buyouts or divorce
termination of collaboration or concessions
We provide technically substantiated reports that offer guidance during negotiations or legal proceedings.
FAQ
The most asked questions about Audit
What exactly is an audit and why should I have one carried out?
An audit is an independent review of your numbers and processes by an auditor. It provides assurance about the reliability of your annual accounts, highlights risks and strengthens confidence among banks, investors and shareholders. At PIA Group, we also translate this review into clear insights that you can actually use.
When am I legally required to have an audit?
You are generally required to have an audit if your business exceeds two of the following three criteria:
- an average of 50 employees
- €11,250,000 turnover
- €6,000,000 total assets
In addition, an auditor is required in specific situations such as a merger, demerger, dissolution/liquidation, contribution in kind, or change of corporate form.
What do PIA Group auditors check in a statutory audit of my annual accounts?
Our auditors verify whether:
- your annual accounts give an accurate view of your results, financial position and assets,
- your accounting has been conducted in accordance with the law,
- your company complies with the Companies and Associations Code.
You receive a formal audit report that inspires confidence among all stakeholders.
How does a statutory audit work?
We agree on timing and approach with you and your dedicated coordinator. Our auditors then carry out the review, discuss interim findings and conclude with a clear audit report, all with minimal hassle and clear communication.
What is the difference between a statutory and a voluntary audit?
A statutory audit is required by law and focuses primarily on reporting and a review of the annual accounts.
A voluntary audit is chosen by you, for example for additional assurance, transparency or strategic insights. It is often broader, covering processes, internal controls and risks.
Why would I want a voluntary audit if it is not required?
Because it provides significant benefits for business owners:
- objective confirmation of your financial reliability,
- extra credibility with banks, investors or partners,
- internal peace of mind through a thorough review,
- concrete recommendations to sharpen your business decisions.
It is a strong signal of professionalisation.
What is an internal audit and when is it useful?
An internal audit focuses on your operations and processes: where are the inefficiencies, blind spots or risks? This is particularly valuable during growth, digitalisation, reorganisation or when you want to proactively strengthen governance and risk management.
How does PIA Group help with an acquisition, merger or restructuring?
We carry out independent due diligence and/or valuation, giving you insight into financial, fiscal and legal risks, hidden costs or opportunities. You are stronger in negotiations and make decisions based on facts rather than gut feeling.
What does due diligence involve?
In due diligence, we examine, among other things:
- balance sheet, results and cash flow,
- fiscal positions and obligations,
- contracts and legal risks,
- ongoing claims or cases,
- obligations towards employees or the government.
You receive a clear report with a risk analysis and recommendations.
What is an ESG audit and should I request one at this point?
An ESG audit checks how your organisation performs on Environmental, Social and Governance factors (e.g. CO₂ emissions, well-being, diversity, compliance). With new regulations such as CSRD (reporting from 2025 for an increasing number of companies), such an audit helps you get your data and reporting in order and manage sustainability risks.
