Auditors Flashcards
1
Q
Small company exemption
A
Private companies with turnover < £6.5m and balance sheet < £3.26m are exempted from audit
Members holding at least 10% can insist on audit
Corporate and Business Law > Auditors > Flashcards
Small company exemption
Private companies with turnover < £6.5m and balance sheet < £3.26m are exempted from audit
Members holding at least 10% can insist on audit