Abstract

The statutory auditor plays a fundamental role in capital companies by serving as both an ethical and legal overseer of the company's activities. Through the performance of this role, the statutory auditor contributes to ensuring the accuracy and reliability of the company's financial statements, thereby safeguarding the interests of the company, its shareholders, and the public interest. Given the broad powers entrusted to the statutory auditor, they remain subject to both civil and criminal liability for any errors or misconduct committed in the course of performing their duties. For this reason, the law requires certain types of companies, particularly joint-stock companies, to appoint one or more statutory auditors to ensure effective oversight of their financial management and compliance with applicable legal and regulatory requirements.

Keywords

Statutory Auditor – Capital Companies – Joint-Stock Company – Corporate Oversight – Civil and Criminal Liability – Mauritanian Legislation.