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Articles on audit, grants, the public sector and internal control, written by the Controlaudit team.
If inventories are material, the auditor must attend the physical count unless this is impracticable (NIA-ES 501). We explain how to prepare the count instructions, what the auditor does on the day, what happens if the count does not coincide with year-end or goods are held by third parties, and how inventories are measured under recognition and measurement standard 10 of the PGC.
According to Iberinform, 1,966,938 companies are shown as active in the registers without having filed accounts or published any acts in recent years, 46% of the total (47% in the Valencian Community). We explain what obligations a company with no activity still has and what risks its directors take on.
Omnibus I limits the EU sustainability reporting obligation to companies with net turnover above €450,000,000 and more than 1,000 employees. We explain the timetable, what happens to the first wave and why the EINF under Law 11/2018 still applies in Spain.
The current limits for exemption from audit, the rule of two consecutive financial years, the cases that require an audit regardless of size and what has happened to the bill that lapsed on 6 October 2026.
Bill 121/000075 on company size criteria lapsed on 6 October 2026 when the Spanish Parliament was dissolved, without having been passed. What it proposed, which thresholds remain in force, what it means for the 2026 year-end and what to expect.
Calendar of the company law obligations for the 2026 year-end for companies whose financial year matches the calendar year: appointment of the auditor, preparation, annual general meeting and filing, with the consequences of filing late.
Royal Decree-law 15/2025 set 1 January 2027 for corporate income taxpayers and 1 July 2027 for everyone else. On 5 October 2026 the Ministry of Finance announced its intention to postpone VERI*FACTU to October 2028, but as at 8 October 2026 no legislation has been published. What is in force, who is in each group and what it means for sales controls.
Common guidelines for justifying IVACE+i and IVACE+i Innovación aid with a ROAC auditor’s report: what each call sets, the difference from the simplified statement and simplified costs, the work timetable, the extraordinary measures after the DANA floods and the costs most often rejected.
A practical guide to the grant expenditure statement with an auditor’s report: the framework of art. 74 of Royal Decree 887/2006 and Order EHA/1434/2007, the division of roles between beneficiary and auditor, who appoints the auditor, common errors and the particularities of IVACE+i, the Generalitat and local authorities.
Since 06/10/2026 the deadlines for mandatory e-invoicing between businesses have been running: 12 months for those whose volume of transactions exceeds €8,000,000 and 24 months for the rest. We explain the groups, the indicative dates, the invoice statuses and their effect on accounting and audit.
Official status of the Recovery Plan as at 08/10/2026 (seventh and final payment request, Facility calendar), what it means for beneficiaries, auditor’s reports in PERTE projects, document retention and audit trail, and how to prepare for possible subsequent inspections.
Public data on the downturn in Spanish footwear and a table of financial indicators for companies in the sector in Elche, Elda and Petrer: cash, working capital, seasonal stock, customer concentration and equity, and the step to a viability plan and pre-insolvency tools.
Two mandatory audit cases that do not depend on size: grants or public aid of more than €600,000 in a financial year, and public sector contracts of more than €600,000 that exceed 50% of net turnover. The financial years affected, when amounts are counted and the deadline for appointing the auditor.
An SME that is not required to be audited can have its accounts audited voluntarily with the same technical rigour as a mandatory audit. We look at when it pays off (financing, shareholders, sales and acquisitions, preparing for a mandatory audit and internal control), what changes in terms of appointment, filing and public disclosure, the audit requested by a 5% minority and what is needed to get started.
What art. 301 LSC requires to capitalise shareholder loans or other debts: the quality of the claims, the directors’ report and, in a public limited company, a certificate from the statutory auditor.
A summary of the ICAC resolutions affecting the 2025 and 2026 audits: revised NIA-ES 260 and 700, the amendment of the NIA-ES reporting standards under art. 5.1.g) LAC, NIA-ES 570 out for public consultation and the latest BOICAC issues.
Royal Decree 424/2017 allows a local authority, on the comptroller’s proposal, to engage private audit firms to assist with public audits. We explain art. 34, its time limits and incompatibilities, the types of public audit and how it fits into the annual financial control plan.
The ICAC put NIA-ES 570 (Revised 2024) on going concern out for public consultation and, as at 8 October 2026, it has not been approved. We explain what the auditor assesses today, what the international standard strengthens and what management can prepare.
National and Valencian foundations have different audit cases: Law 8/1998 adds four circumstances to the €2,400,000 and 50-employee limits of Law 50/2002. We also look at the audit of associations declared of public utility, the RLAC case of grants of more than €600,000 and the accounting plan for non-profit entities.
Even if it is not required to report on sustainability, your SME may receive ESG questionnaires from customers, banks or investors. We explain the protected undertaking concept in Omnibus I, what the VSME is and how to start organising your data.
Valencian cooperatives legislation requires an audit when audit legislation requires it, when there is a credit section, at the request of a minority of members or under the articles of association. Housing cooperatives have their own cases while the development lasts. We review deadlines, filing, accounting specificities and the changes made by Law 5/2025.
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