Andorra Approves Stricter Audit Law Rules on Training, Exams and Local Ties
The government sets new standards for auditors, mandating exams, ongoing education, resident workforce quotas, and quality controls to boost sector reliability.
Key Points
- Candidates must pass theoretical and practical exams plus meet academic and experience requirements.
- Auditors require 120 hours of training every 3 years, with 80 on accounting/auditing and 20 on Andorran law.
- At least 35% of auditing hours by residents; firms need Andorran premises and resources.
- Audits mandatory for entities with €3.6M+ assets, €6M+ turnover, or 50+ employees.
The Andorran government has approved the implementing regulation for the Accounts Audit Law, establishing detailed conditions for practising the profession while introducing stricter requirements on access, continuous training, and local ties.
New candidates must now pass a theoretical and practical exam to demonstrate their competence, in addition to meeting the academic qualifications and professional experience required by the law.
Auditors will need to complete at least 120 hours of continuous training every three years, equivalent to a minimum of 30 hours annually. Of these, at least 80 hours must cover accounting and auditing topics, and 20 hours must address relevant Andorran legislation. The remaining hours can focus on areas such as artificial intelligence, information technology, sustainability, risk management, or professional ethics.
To strengthen links with the local market, at least 35% of auditing hours must be carried out by resident professionals. Auditing firms and individual auditors must also prove they have sufficient human and material resources to handle assignments based on their nature, volume, and complexity. This includes maintaining a physical premises in Andorra to ensure confidentiality, proper document storage, and adherence to professional secrecy.
The regulation sets internal quality management standards aligned with international auditing, ethics, and professional organisation norms. It also expands supervision and quality control frameworks, giving authorities inspection and investigation powers to verify compliance and build public trust in the sector.
Entities exceeding at least two of the following thresholds are required to undergo audits: total assets over €3.6 million, turnover above €6 million, or an average workforce of more than 50 employees.
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