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Who must be audited in Serbia in 2026?
Criteria under the Serbian Law on Audit, size thresholds, the EUR 4.4 million revenue test and deadlines for filing the auditor's report.
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Who is subject to statutory audit for 2026
Under the Serbian Law on Audit, a statutory audit of annual financial statements is mandatory for the categories below. Criteria are applied on the basis of the previous year's data — for 2026 statements, 2025 figures.
- Large legal entities as classified under the Law on Accounting.
- Medium-sized legal entities as classified under the Law on Accounting.
- Public companies under capital markets legislation, regardless of size.
- Parent companies preparing consolidated financial statements.
- All legal entities and entrepreneurs with operating revenue in the previous year above EUR 4,400,000 in dinar equivalent.
- Banks, insurers, leasing companies, fund managers and other entities audited under special laws.
Size thresholds
Entities are classified on the balance sheet date by average number of employees, operating revenue and average operating assets, and fall into the category whose criteria they meet for two of the three indicators.
| Category | Average employees | Operating revenue (EUR) | Average operating assets (EUR) | Statutory audit |
|---|---|---|---|---|
| Micro | up to 10 | up to 700,000 | up to 350,000 | No* |
| Small | 10 – 50 | 700,000 – 8,000,000 | 350,000 – 4,000,000 | No* |
| Medium | 50 – 250 | 8,000,000 – 40,000,000 | 4,000,000 – 20,000,000 | Yes |
| Large | over 250 | over 40,000,000 | over 20,000,000 | Yes |
* Micro and small entities are audited if previous-year operating revenue exceeded EUR 4.4 million, if they are public companies, or if they prepare consolidated statements. Dinar equivalents at the NBS middle rate on the balance sheet date.
Deadlines for 2026
| Obligation | Deadline |
|---|---|
| Appointment of auditor and signing of the audit engagement | During 2026, for 2026 statements — the engagement is signed for the year being audited |
| Filing of statements for statistical purposes (Business Registers Agency) | 31 March 2027 |
| Filing of annual financial statements with the auditor's report | 30 June 2027 |
| Filing of consolidated statements with the auditor's report | 31 July 2027 |
If 2025 figures brought you into the obligation for the first time, appoint the auditor during 2026 — not in spring 2027 when the statements are due.
Voluntary audit
Voluntary audits are most often requested by banks for larger facilities, by foreign parents and investors, and by donors financing projects. They carry the same credibility as a statutory audit and the scope can be tailored, for example to a group reporting package only.
Frequently asked questions
Is a small Serbian subsidiary obliged to have an audit?
Micro and small entities are generally not, unless previous-year operating revenue exceeded EUR 4.4 million, the entity is a public company, or it prepares consolidated statements as a parent. Many foreign parents nonetheless require a voluntary audit for group purposes.
Which year's revenue counts?
The previous business year. An audit of 2026 statements is mandatory if 2025 revenue exceeded the threshold, or if the entity was classified as medium or large on 2025 figures.
What happens if a mandatory audit is not performed?
Filing statements without the auditor's report when an audit is mandatory is an economic offence for the entity and the responsible person, and the statements are recorded as incomplete in the register — visible to banks and partners checking creditworthiness.
Not sure whether you are obliged?
Send us your 2025 income statement — within a day we tell you whether an audit is mandatory and what you need.