Gambia
Corporate Guide

Is there a requirement for a company to appoint an auditor in Gambia?

Yes. There is a statutory requirement for a company to appoint an auditor. Section 342(1) of the Act provides that every company must appoint an auditor or auditors at each annual general meeting. The directors usually appoint the first auditors before the first annual general meeting until the end of the first meeting at which the accounts are considered. Subsequently, the members usually appoint an auditor at each annual general meeting to hold office from the conclusion of that meeting until the conclusion of the next annual general meeting.

It is also a requirement for a company to file annual returns, which should be accompanied by balance sheets and reports prepared by an auditor registered in The Gambia.