Mozambique
Corporate Guide

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

The appointment of an auditor is required for companies that have to appoint a supervisory body (fiscal council / single fiscal). 

As a general rule, with the exception of public limited companies and simplified joint stock companies, there is no obligation to have a supervisory body. However, whenever a company issues securities or is classified as a medium-sized company (with between 31 and 100 employees and an annual turnover of more than MZT 30 million and up to MZT 160 million) or a large company (with more than 100 employees and an annual turnover of more than MT 160 million), it must adopt one of the following structures: (i) board of directors and supervisory board or single auditor; or (ii) board of directors which includes at least the audit committee and the external auditor.