A risk-based audit approach
Every engagement begins with an in-depth understanding of your business, your control environment and the significant risks that could affect your financial statements. This risk-focused planning concentrates our work where it creates the most value and avoids unnecessary procedures.
Our teams apply the International Standards on Auditing (ISA) and the OECT framework, documenting each conclusion rigorously. For subsidiaries of foreign groups, we work in coordination with the group auditor and prepare the required reporting packages.
Statutory audit at the service of governance
As statutory auditor, we certify your annual financial statements, verify the regularity and fair presentation of your financial information and ensure compliance with the legal obligations set out in the Tunisian Commercial Companies Code.
Beyond the opinion, we report to management and governance bodies the internal-control weaknesses identified along with recommendations for improvement, in a spirit of lasting partnership.
Does your company need a statutory auditor?
Appointing a statutory auditor is mandatory for joint-stock companies. Limited liability companies fall within the requirement once they exceed the regulatory thresholds assessed on total assets, turnover and headcount, or where they meet certain conditions relating to bank debt.
We assess your position under the Tunisian Commercial Companies Code and tell you whether the obligation is triggered, from which date, and what a late appointment entails. The auditor's term of office covers three financial years and the appointment is made by the general meeting.
Subsidiaries of international groups and group reporting
A significant share of our engagements involves Tunisian subsidiaries of international groups. We produce the reporting packages the group auditor expects, in the required format and to the required deadline, and respond to the group instructions contemplated by ISA 600.
Where the group consolidates under IFRS while the statutory accounts follow Tunisian accounting standards, we document the bridge between the two frameworks: restatements, measurement differences, deferred tax. Preparing that reconciliation in advance avoids the year-end back-and-forth.
Beyond the opinion: the management letter
An audit surfaces internal control weaknesses, filing delays and accounting practices that fall short without affecting the opinion — but that prove costly over time.
We set them out in a management letter ranked by risk, with concrete remediation steps, and we track progress from one year to the next. It is often the part of the engagement our clients value most.
Frequently asked questions
What is the difference between a statutory audit and a contractual audit?
A statutory audit is a legal engagement, mandatory for certain companies under the Commercial Companies Code, resulting in the certification of the accounts. A contractual audit is a voluntary engagement whose scope is freely defined with the client (acquisition, financing, a shareholder's request, etc.).
Which standards do you audit under?
We apply the International Standards on Auditing (ISA) issued by IFAC, together with the professional standards of the Tunisian Institute of Chartered Accountants (OECT).
How long does a statutory auditor's term of office last?
The term covers three financial years and is renewable, subject to the rotation limits that Tunisian regulations impose on certain categories of company.
Do you audit IFRS financial statements?
Tunisian statutory accounts are prepared under the local accounting framework. For subsidiaries of foreign groups we also audit the IFRS reporting packages and document the reconciliation between the two frameworks.
How does an audit unfold over the year?
Typically in three stages: planning and risk assessment, an interim visit covering procedures and internal control, and a final visit on the annual accounts leading to the audit report and the management letter.
Can you step in mid-year after a late appointment?
Yes. We then perform additional procedures on opening balances and on the transactions of the period already elapsed, so that we can issue an opinion covering the full financial year.