Most likely not. Mandatory auditing applies to joint-stock companies at all times and to LLCs only when they exceed certain thresholds for two consecutive years. The overwhelming majority of small Albanian businesses—the shop, the bar-restaurant, the professional studio—remain well below these thresholds and are not audited. The basis is Law No. 10091/2009.
The rule has two arms.
The first category is joint-stock companies (SHA). They are always audited, regardless of size, because their legal form carries broader public interest.
The second category is LLCs. They are audited only if they meet two of the following three criteria for two consecutive years: assets of 50,000,000 LEK, revenue of 100,000,000 LEK, and 30 employees. Note the two safeguards in the rule. You must meet two criteria, not one, and you must meet them for two consecutive years, not just a single good year.
Audits are conducted only by statutory auditors, licensed professionals who are independent of your business and of the accountant who keeps your books. An audit is not a tax inspection and should not be confused with one. It is an independent opinion that your financial statements give a true and fair view.
A food trading LLC in Elbasan closes two years with these figures.
Year 2024: assets 42,000,000 LEK, revenue 108,000,000 LEK, 22 employees. Only one criterion is met: revenue. One out of three is not enough; the year does not count.
Year 2025: assets 55,000,000 LEK, revenue 120,000,000 LEK, 26 employees. Two criteria are met: assets and revenue. This is the first valid year.
The audit obligation has not yet arisen, because both criteria must be met for two consecutive years. If 2026 also closes above both thresholds, then that year's financial statements will have to be audited. The owner has a full year to calmly choose the auditor and prepare the documentation. Atul Gawande would see the audit exactly like this—not as a trial, but as the most rigorous checklist ever applied to your business, carried out by an independent party.
If tool A is the microprocessor at Finance and Accounting You're pulling out the micrometer; you're way below the audit thresholds and this topic doesn't apply to you at all. You can find the timeline and checklists in the Resource Center.
The basis is Law 10091/2009 on statutory audit. There are three points of professional interest. First, the criteria are measured at the individual‐entity level and the treatment of consolidating groups must be verified. Second, the moment the obligation arises after two consecutive years and the moment it is extinguished when an entity falls below the thresholds. Third, the auditor's report is filed together with the financial statements at the QKB within the same deadline set by Article 22 of Law 25/2018.
No. With six employees and typical small-business figures, you don't come anywhere near any of the thresholds. Auditing only becomes an issue when the business grows significantly, and even then the two-consecutive-years rule gives you time to prepare.
Yes, any company can contract a voluntary audit. It makes sense when you're seeking significant financing, investors, or when partners want independent assurance of the numbers. For most small businesses, it's not necessary.
If you'd like a calm assessment of whether the thresholds are affecting you now or on the horizon, write to us at Contact page and we see it together with your figures.
We use cookies to improve your experience on the site. More
We take care of accounting and taxes, so you can save time, money, and focus on growing your business.
Request a Quote toYou can have complete financial information at any time.
Professionals in the field of tax administration.
We support our clients with various financial consulting services for their business.
