Voluntary audit
Foreign group companies increasingly require that subsidiaries have their annual accounts audited by external auditors.
Foreign group companies increasingly require that subsidiaries have their annual accounts audited by external auditors (in spite of not being legally obligatory).
This can occur for own external purposes (to obtain financing, for investors) or only to keep control of the Spanish company and the Spanish management. Compared to limited reviews, the complete audit includes more extensive balance of accounts receivable statements, and a more complete analysis of assets (inventories).