Best Accounting & Auditing Lawyers in Tommerup

About Accounting & Auditing Law in Tommerup, Denmark

Tommerup is a town in Assens Municipality on the island of Funen. Accounting and auditing for businesses and organisations in Tommerup are governed primarily by national Danish law. Key legal frameworks include Årsregnskabsloven - the Annual Accounts Act - which sets rules for preparing and filing annual reports, and Revisorloven - the Audit Act - which regulates the audit profession, auditor independence, and audit procedures. Administrative oversight and filing are handled through national authorities such as Erhvervsstyrelsen and Skattestyrelsen. Local practice and enforcement are carried out by municipal business services and courts in the region - for serious disputes or enforcement matters, courts in Odense commonly have jurisdiction.

Why You May Need a Lawyer

Legal help in accounting and auditing matters is often needed to manage risk, respond to regulatory inquiries, and resolve disputes. Common situations where a lawyer is useful include

- Responding to a regulatory notice or investigation relating to annual reports, VAT returns, payroll taxes or bookkeeping.

- Handling disputes with auditors about scope, findings, qualifications, or auditor resignation.

- Dealing with allegations of misconduct, accounting errors, or suspected fraud - including internal investigations and liaison with law enforcement.

- Advising on whether a company must appoint an auditor, or on the legal consequences of an auditor exemption.

- Negotiating settlements with creditors, investors or business partners where accounting records or audit opinions are central.

- Representing a company or individuals in court or arbitration over alleged breaches of accounting obligations or investor claims.

Local Laws Overview

Key aspects of Danish law relevant to accounting and auditing in Tommerup include

- Annual reporting obligations - Companies must prepare annual reports in accordance with Årsregnskabsloven and submit them to Erhvervsstyrelsen using the national filing system. The required format and disclosure level depends on company type and size.

- Audit requirements - Revisorloven sets out who may perform audits, professional conduct rules, and reporting duties. Some small companies may be exempt from statutory audits based on legal thresholds for turnover, balance-sheet total and number of employees.

- Bookkeeping and tax rules - Businesses must keep accurate accounting records, issue proper invoices, and comply with VAT, payroll tax and corporate tax rules enforced by Skattestyrelsen. Record retention periods apply.

- Auditor independence and liability - Auditors must follow professional independence rules and auditing standards. Auditors and audit firms can face professional sanctions, civil liability or, in serious cases, criminal liability.

- Enforcement and remedies - Non-compliance can trigger correction orders, fines, denial of audit exemptions, creditor actions and litigation. Administrative bodies, professional disciplinary panels and courts can all be involved.

Frequently Asked Questions

Do I need an auditor for my company in Tommerup?

Whether your company needs an auditor depends on its legal form and size. Danish law sets exemptions for very small enterprises, while larger companies, certain types of businesses and public-interest entities must appoint a statutory auditor. Because thresholds and criteria can change, check the current rules or consult a lawyer or certified accountant to confirm your obligations.

What should I do if an auditor issues a qualified or adverse opinion?

A qualified or adverse audit opinion signals material problems with the financial statements. You should review the auditor's findings, gather supporting documents, consider obtaining a second opinion, and consult a lawyer to assess legal exposure, disclosure obligations and potential corrective actions. Quick, transparent action reduces regulatory and litigation risk.

Can I change my auditor if I am unhappy with their work?

Yes, companies can change auditors, but there are formalities to follow. Revisorloven and company rules govern resignation or dismissal, notice periods and information to be provided to shareholders and authorities. A lawyer can help ensure the change is handled correctly to avoid disputes or allegations of improper influence.

What are the consequences of poor bookkeeping or late filings?

Consequences include administrative fines, late-filing penalties, tax reassessments, increased scrutiny from authorities, and in severe cases liability for directors or managers. Persistent or fraudulent non-compliance may lead to criminal charges. If you face enforcement action, seek legal advice promptly.

How long must I keep accounting and tax records in Denmark?

Record-retention requirements vary by the type of document and tax rules, but tax and bookkeeping records are typically required for a period after the relevant financial year. Some records may need to be kept longer for specific industries or disputes. A lawyer or accountant can advise on the exact periods that apply to your situation.

What should I do if I suspect fraud or embezzlement in my company?

Preserve evidence and limit further access to sensitive systems, then undertake a controlled internal investigation led by qualified professionals. Inform legal counsel early to manage legal risks and reporting obligations to authorities. Be careful about preserving privilege where appropriate and avoid actions that could prejudice a later investigation or court case.

Can foreign owners or companies operating in Tommerup rely on auditors or accountants from another country?

Foreign auditors may be used in cross-border contexts, but statutory audit requirements for Danish entities typically require auditors authorised in Denmark or by EU/EEA regulations. Cross-border work also raises questions about applicable standards, auditor cooperation and jurisdiction. Get legal and accounting advice to ensure compliance.

What are auditor independence rules and why do they matter?

Auditor independence rules are intended to ensure that auditors remain impartial and objective. These rules restrict financial or business relationships between auditors and clients and set standards for non-audit services. Breaches can invalidate an audit opinion and expose both auditor and client to regulatory sanctions and liability.

How much does legal help cost for accounting and auditing issues?

Costs vary by complexity, the lawyer's experience and the fee model - hourly rates, fixed fees for specific tasks or success-fee arrangements in certain dispute contexts. For regulatory responses and document reviews, expect typical business-lawyer billing practices. Ask for a fee estimate and scope letter up front to manage costs.

Where can I file a complaint about an auditor or request a disciplinary review?

Complaints about auditor conduct are handled by the professional supervisory or disciplinary bodies designated under Danish law. You can also raise issues with administrative authorities that oversee accounting and corporate filings. A lawyer can advise on the complaint process, evidence needed and likely outcomes.

Additional Resources

Useful national authorities and organisations to consult include

- Erhvervsstyrelsen - Danish Business Authority, responsible for company registration and annual report filings.

- Skattestyrelsen - Danish Tax Agency, for tax rules, VAT and payroll tax matters.

- Finanstilsynet - Danish Financial Supervisory Authority, for financial institutions and certain regulated entities.

- National laws such as Årsregnskabsloven and Revisorloven, and the professional auditing standards used in Denmark.

- Professional associations and bodies for auditors and accountants for guidance on standards and professional conduct.

- Advokatsamfundet - The Danish Bar and Law Society, to search for qualified lawyers and understand professional responsibility rules.

- Local municipal business service in Assens Municipality for permits or local business support, and the district courts in the region for litigation matters.

Next Steps

If you need legal assistance with accounting or auditing matters in Tommerup, consider the following practical steps

- Gather key documents - latest annual reports, audit letters, correspondence with auditors or tax authorities, bookkeeping records and relevant contracts.

- Identify the main issue - regulatory notice, audit qualification, suspected misconduct, filing problem or dispute.

- Seek an initial consultation with a lawyer experienced in Danish accounting and auditing law. Prepare a concise timeline and provide copies of the most relevant documents.

- Ask the lawyer about likely outcomes, recommended immediate actions, timelines and fee estimates. Decide whether you also need an independent accountant or forensic specialist.

- If the matter is urgent - for example potential fraud, imminent enforcement action or legal deadlines - act quickly to preserve evidence and protect legal rights.

- Keep clear records of all advice and steps taken. If needed, follow up with formal complaints to supervisory bodies or litigation through the courts as advised by your lawyer.

Working with a qualified lawyer and accountant will help you understand your obligations, manage risk, and resolve accounting or auditing issues in a legally compliant and practical way.