¹ In addition to annual accounts under this Title, the following must prepare financial statements in accordance with a recognised financial reporting standard:

1.

companies whose equity securities are listed on a stock market, if the stock market so requires;

2.

cooperatives with a minimum of 2000 members;

3.

foundations that are required by law to have an ordinary audit.

² The following may also request financial statements in accordance with a recognised standard:

1.

company members who represent at least 20 per cent of the basic capital;

2.

10 per cent of cooperative members or 20 per cent of the members of an association;

3.

any company member or any member subject to personal liability or a duty to pay in further capital.

³ The duty to prepare financial statements in accordance with a recognised standard ceases to apply if consolidated accounts are prepared in accordance with a recognised standard.

⁴ The supreme management or administrative body is responsible for choosing the recognised standard, unless the Articles of Association, the by-laws or the foundation deed provide otherwise or the supreme management body fails to specify the recognised standard.