UK Audit Exemptions

  • The Accounting Journal

Some useful information about the audit exemptions for private limited companies and subsidiary companies in the UK

If you are using one of the UK audit exemptions, the following statement must be included on your balance sheet.

The company was exempted from audit for the year ending (your company's end date) under section 477 of the 2006 Companies Act relating to small businesses. The members have not requested that the company obtain an audit of its accounts for this year, in accordance with... read more

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