Small associations can choose a lay auditor. However, for very large associations, the auditor must be an authorised public accountant. The annual general meeting of the association elects the board and auditor.

Economic associations are required to maintain accounting records. They must also prepare an annual report every year, even if there is little or no activity in the association. Large associations must send their annual reports to the Swedish Companies Registration Office (Bolagsverket) without prior prompting.

Registration

You register an economic association with the Swedish Companies Registration Office. In conjunction with this registration, the economic association will receive its corporate identity number.