For voluntary associations in Denmark, having an auditor review the accounts is not always necessary. This depends on several factors, including the association’s size, financial activities, and bylaws.
Smaller associations with limited financial activity and revenue below a certain threshold can typically operate without an auditor. This threshold is set by Erhvervsstyrelsen (the Danish Business Authority) and may change over time. It’s important to check the latest regulations, as the requirements can vary.
That said, maintaining accurate and transparent financial records is always good practice for voluntary associations. This ensures that the association’s funds are used correctly and in line with its purpose. Even if an auditor is not required, having the accounts reviewed by a competent person can help verify their accuracy and integrity.
Ultimately, associations should assess their specific situation and legal obligations when deciding whether to appoint an auditor. Consulting an auditor or legal advisor can also be beneficial to ensure compliance with current laws and regulations.
