In Algeria, the appointment of a statutory auditor is a legal obligation for certain companies, depending on their legal form and turnover. This article clarifies the obligations for EURLs (Single-Member Limited Liability Companies), SARLs (Limited Liability Companies), and SPAs (Joint-Stock Companies).

1. What is a Statutory Auditor?

A statutory auditor is an independent professional responsible for verifying the regularity and accuracy of a company's accounts. They guarantee financial transparency and reassure shareholders, creditors, and tax authorities.

2. Obligations According to Legal Form

A. Is an EURL Concerned?

No. According to the 2011 Finance Law and Article 44 of the Commercial Code, single-member limited liability companies (EURLs) are not required to appoint a statutory auditor, regardless of their turnover.

B. Must a SARL or SPA Appoint a Statutory Auditor?

Yes, but under certain conditions:

• For SARLs: The obligation to appoint a statutory auditor applies if the turnover exceeds 10 million dinars (1 billion centimes).
• For SPAs: The appointment of a statutory auditor is always mandatory, regardless of the size of the company.

3. Penalties for Non-Compliance

Article 44 of the Commercial Code provides for a fine of 100,000 DA to 1,000,000 DA for SARL managers who do not comply with the obligation to appoint a statutory auditor when required.

4. Conclusion

In summary:

• EURL: No statutory auditor requirement, regardless of turnover.
• SARL: Required if turnover exceeds 10 million dinars.
• SPA: Systematic requirement, regardless of company size.

The appointment of a statutory auditor is a measure aimed at guaranteeing the financial transparency of companies in Algeria. SARL and SPA managers must therefore ensure compliance with this obligation to avoid the penalties provided for by law.