Senegal
Corporate Guide
Is there a requirement for a company to appoint an auditor in Senegal?
An auditor must be appointed in an LLC whose share capital exceeds XOF 10 million or when one of the following two conditions is met:
- The annual turnover exceeds XOF 250 million.
- The number of employees of the company exceeds 50.
Apart from these instances, an LLC is not required to appoint an auditor.
Shareholders representing at least 10% of the share capital may also request the appointment of an auditor.
Public limited companies that do not raise capital from the public must appoint an auditor and an alternate auditor. However, public limited companies that raise capital from the public must appoint at least two auditors and two alternate auditors.