Statutory and Contractual Audit in Morocco

In Morocco, auditing is much more than a regulatory requirement. It is a tool for transparency, credibility, and management. Whether statutory or contractual, an audit provides an independent and objective view of a company’s financial situation and processes.

5/30/20252 min read

Legal and Contractual Audits in Morocco: Securing, Reassuring, and Enlightening

In Morocco, an audit is much more than a regulatory obligation. It is a tool for transparency, credibility, and strategic management. Whether legal or contractual, an audit provides an independent and objective review of a company's financial status and processes.

In this article, we explain the difference between legal and contractual audits, the obligations in force in Morocco, and the benefits of entrusting this mission to an experienced firm like Upsilon Maroc.

Legal Audit in Morocco: A Mandatory Requirement for Certain Companies

A legal audit, or statutory audit, is a mission governed by law. It concerns companies that meet certain thresholds or whose legal structure or activity requires regulatory oversight.

In practice, the following are subject to a legal audit:

Société Anonyme (SA), regardless of their turnover.
Société à Responsabilité Limitée (SARL) that exceed specific thresholds for turnover, total assets, or workforce.
Public companies or entities receiving public funding.
Listed entities or those making a public offering.

The statutory auditor's mission is to certify that the financial statements are regular, truthful, and present a true and fair view of the company's assets, financial position, and results.

Contractual Audit: A Voluntary and Strategic Initiative

Unlike a legal audit, a contractual audit is not mandated by law. It is voluntarily requested by a company or a third party (investor, bank, shareholder, etc.) for specific needs, such as:

Verification of accounts before a sale or merger.
An independent review at the request of a board of directors.
Evaluation of internal procedures or specific risks.
A control mission within the framework of a partnership or a joint venture.
Due diligence in a fundraising context.

This type of audit is fully customizable: you define the objectives, scope, and desired level of detail. It is therefore a true decision-making tool, serving management or stakeholders.

The Benefits of Both Legal and Contractual Audits

Whether mandatory or voluntary, an audit provides several concrete advantages:

Increased credibility with banks, investors, and partners.
Strengthened confidence among shareholders or the board of directors.
Securing internal practices, particularly in accounting, tax, and social matters.
Detection of anomalies or risks, sometimes invisible without an external perspective.
Proactive preparation for a potential tax audit or legal transaction.

A well-conducted audit is also an opportunity for continuous improvement: it identifies weaknesses but also highlights good practices.

Upsilon Maroc: A Trusted Partner for Your Audit Missions

As a chartered accounting firm registered with the Order of Chartered Accountants, Upsilon Maroc is authorized to carry out legal audit missions. But beyond our authorization, it is our work methodology and commitment that make the difference.

We offer:

A rigorous approach based on current professional standards.
Experienced teams, led by chartered accountants and statutory auditors.
Personalized analysis based on your industry, size, and challenges.
Clear reports with concrete and actionable recommendations.

Whether you are a growing SME, a subsidiary of a foreign group, or a listed company, we adapt our work to your reality and governance needs.

In Summary

A legal audit is a requirement for certain companies in Morocco, while a contractual audit is a voluntary tool that serves strategy. In both cases, engaging a firm like Upsilon Maroc guarantees rigor, transparency, and support.

Do you want to secure your accounts, prepare for a transaction, or simply strengthen the confidence of your partners?