Private limited companies that meet, at the end of the fiscal year, two of following conditions:
1) the total amount of the balance sheet is greater than one hundred twenty five million (125,000,000) CFA Francs; 2) the annual turnover is greater than two hundred fifty million (250,000,000) CFA Francs; 3) the number of permanent staff exceeds fifty (50) people; shall be required to appoint at least one (1) auditor.
The company shall not be required to appoint an auditor if it has not met two (2) of the conditions set forth above for two (2) years preceding the expiration of the mandate of the auditor.
For other private limited companies that do not meet these criteria, the appointment of an auditor shall be optional. Nonetheless, such an appointment may be requested in court by one or more members holding at least one-tenth of the stated capital.
Qualifications of auditors
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 107
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
How Lex Cameroon marks its texts →
Section 376 of the Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique/akn/ohada/act/loi/2014-01-30/auscgie-2014
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