Waiving audit
Last updated: 27 August 2026.
Some limited companies may choose not to audit the company's annual accounts. We call it option to waive the audit.
The waiving of audit is not made operative before it is registered in the Register of Business Enterprises.
You must submit the annual accounts even if they are not to be audited.
Have you received a notification in Altinn about registering an auditor?
The Register of Business Enterprises cannot postpone the deadline given in the letter, cf. the Limited Liability Companies Act sections 16-16 and 16-17 (lovdata.no).
If you are not able to meet the deadline, the case will be submitted to the District Court for compulsory dissolution of the company.
Frequently asked questions about waiving audit:
When the annual accounts for the previous year have been approved by the general meeting.
At that point, the general meeting will know whether or not the criteria for waiving audit has been met:
- the operating revenues are less than NOK 7 million
- the balance sheet total is less than NOK 27 million
- the average number of employees does not exceed 10 man-years
The share capital contribution at the time of the foundation must be less than NOK 27 million, if the company is going to waive audit in the first accounting year.
When the last year’s annual accounts have not yet been approved by the general meeting.
This is also the case if the company:
- runs a pharmacy or a lawyer’s practice
- is approved as an assistant pursuant to the gaming scheme regulations
- is a parent company in a group and the entire corporate group has
- an operating revenue of NOK 7 million or more
- a balance sheet total of NOK 27 million or more, or
- more than 10 man-years
- is supervised by the Financial Supervisory Authority of Norway
- is subject to statutory audit by the tax authorities
Waiving audit must be reported to us through the form Coordinated register notification. Attach the minutes from the general meeting for the current year, which shows that the company has decided to waive audit.
If the company accounts for the previous year still has not been submitted to the Register of Company Accounts, you also have to attach the minutes from the general meeting showing that the annual accounts have been approved.
You have to submit a notification to the Register of Business Enterprises without delay. It must be received by us no later than one month after the decision was made by the general meeting.
The waiving of audit applies for the current accounting year or later, when this is registered in the Register of Business Enterprises.
It is not permitted to decide waiving of audit for previous accounting years.
The board must immediately arrange a general meeting and submit a proposal to appoint an auditor
Once an auditor has been appointed, the organisation must promptly submit the change through the form Coordinated register notification.
The form must include:
- the minutes from the general meeting
- statement from the auditor agreeing to take on the assignment