Independent Auditing in Large Organizations - Law 11.638

Law 11.638 / 2007

Financial Statements for Large Companies

Art. 3 The provisions of Law No. 6,404, of December 15, 1976, on bookkeeping and preparation of financial statements and the requirement for independent auditing by large companies apply to large companies, even if they are not incorporated in the form of corporations. auditor registered with the Securities and Exchange Commission.

Sole paragraph. For the exclusive purposes of this Law, a company or group of companies under common control which, in the previous fiscal year, has a total asset in excess of R $ 240,000,000.00 (two hundred and forty million reais) is considered to be large or annual gross revenue exceeding R $ 300,000,000.00 (three hundred million reais).