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Why You Should Hire a Local Auditor in France as an International Company

Why Hire a Local Auditor in France

Expanding a business into France brings exciting opportunities, but it also introduces regulatory complexity. From navigating accounting standards in France to understanding unique France audit requirements, foreign companies often find themselves facing a steep learning curve. These challenges can be particularly overwhelming when attempting to comply with local laws while maintaining alignment with global policies. This is where the expertise of a local auditor in France becomes essential. A local firm doesn’t just ensure compliance, it acts as a strategic partner that understands the nuances of accounting in Europe, French business culture, and evolving regulatory demands. In this blog, we explore why working with a local auditor in France can help your business avoid costly errors and operate with confidence. Understanding France’s Audit and Accounting Environment Accounting Standards in France France has its own accounting and audit landscape, which differs significantly from many other countries. Companies operating in France are subject to Plan Comptable Général (PCG), France’s national accounting code, known as French GAAP. While IFRS may apply to consolidated accounts of listed companies, most businesses must still need to comply with local rules for statutory filings. You can learn more about the French GAAP here. Auditing Requirements in France When it comes to audits, France audit requirements depend on various factors such as company size, structure, and legal form. For example, SAS and SARL entities may be required to appoint a statutory auditor under certain circumstances. You can find an overview of auditing requirements in France here. Moreover, compared to general auditing in Europe, France maintains a stricter regulatory environment in some areas, including the mandatory appointment of auditors and detailed reporting expectations. This makes it all the more important to work with a firm that knows the ins and outs of accounting in Europe, and particularly French regulations. Benefits of Working With a Local Auditor in France as a Foreign Company Personalized Attention and Client Focus One of the biggest advantages of working with a local French audit firm is the personalized service you receive. Smaller, independent firms, like us, are more likely to take the time to understand your business in depth, its structure, goals, and pain points. This hands-on approach ensures tailored advice that aligns with your unique business needs. Deep Knowledge of Local Laws and Regulations Local firms bring invaluable expertise in France’s accounting standards, audit requirements, and business regulations. They stay closely informed of evolving tax laws, labor obligations, reporting rules, and sector-specific compliance. Their deep familiarity with auditing in France ensures that your business stays fully compliant with minimal risk of errors or penalties. This level of detail is hard to match without a strong local presence. Cost-Effective Without Compromising on Quality For small to mid-sized businesses, hiring a large international audit firm can be expensive. Local French audit firms often offer the same level of technical expertise and compliance assurance at a more accessible price point. Overall, with smaller firms, you benefit from professional, high-quality service without overextending your budget. Strong Community Ties and Market Insight Being embedded in the local business ecosystem gives these firms a unique edge. They understand the cultural, economic, and operational nuances of working in France and are often well-connected to local networks, authorities, and institutions. This can help you better navigate the market, form the right partnerships, and avoid pitfalls. Their on-the-ground experience allows for more practical, relevant advice that supports sustainable growth. The Limitations of Relying Solely on International Networks Many multinational businesses work with large global firms or internal finance teams to manage operations across markets. While these resources are useful, relying solely on international auditors can be risky in France. What is an international auditor? Typically, an international auditor is a large network-based firm that provides services in multiple jurisdictions. While these firms offer global reach, they may lack deep, hands-on knowledge of the France audit requirements and accounting standards in France, especially at the local level. Issues like tax audit triggers, social security filings, and sector-specific reporting are often best handled by a French audit firm that is embedded in the local system. A local French accounting firm complements your international setup by ensuring your French entity is fully compliant and well-represented in front of local authorities. Expanding into France is a smart move, but working with a local French audit and accounting firm makes it even smarter. From tailored advice and cost-effective services to deep regulatory knowledge and cultural insight, local firms offer strategic value that international networks often can’t match. If you want reliable, personalized support for your business in France, partnering with a local expert is the way forward. Explore our auditing services.  

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140 bis Rue de Rennes, 75006 Paris, France

+33 (0)6 98 56 51 31

REAWAVE supports companies in their transformation projects with tailored advice to maximize their performance and growth.