Anyone setting up a business tends to think first about their products, customer base and growth – administrative matters such as proper bookkeeping and auditing usually only come into focus later on. Attention turns to these aspects at the latest when the annual accounts are audited for the first time. The following article explains, from a start-up’s perspective, when an audit is required, how a limited audit is carried out, and which issues new companies should pay particular attention to.

The use of artificial intelligence (AI) in auditing is still in its infancy, but its enormous potential is already visible. Technologies such as computer vision, process mining and natural language processing are revolutionising the efficiency and precision of auditing procedures.

The Federal Council took a major step forward with its ordinance on reporting obligations in relation to corporate sustainability.