Statutory Audit
Are you required to have an audit?
Audits can be seen as having little value and be disruptive. If this is your view then you need to talk to us. An audit should be clear, as non disruptive as possible, and enhance the value of the accounts they are attached to. Most audits are statutory audits, where the company meets two of the following 3 conditions:
Turnover is more than £6.5m
Balance sheet total is more than £3.26m
Average employees is more than 50
Charities have different thresholds
Turnover is more than £500,000 or
Gross Assets is more than £3.26m and turnover is more than £100,000
Below these thresholds an independant examination is required for charities.
Please contact us for a free consultation to discuss your requirements.