Obligations and publications
According to their legal status, Austrian companies have to publish annually a profit and loss account, a balance sheet and an appendix.
Certification and auditing
The audit is compulsory for :
Banks, insurance companies and investment funds, all the AktienGesellschaft (AG Limited companies), GmbH (Limited Liability Company) or GmbH&Co Kg (limited partnerships) with a total of assets superior to 37 million Schillings, an annual turnover superior to 74 million Schillings and a workforce superior to 50 persons.
The external control of accounts must be confided to a body of experts ( the approved auditors) recognized as such and chosen by the company.
Professionals and representative organizations
The approved auditor (Wirschaftspruefer) and the fiscal councillors.