Most small private limited businesses can qualify for audit exemption. A business can be classified as small if it meets two of the following three criteria:
- Annual turnover of no more that £10.2 million;
- Assets worth no more than £5.1 million; and
- Fifty or fewer employees.
There are numerous reasons why a company may voluntarily elect for external audit even though statutory exemption is available, and we will always discuss the options on an individual basis.
Our staff are highly trained in the use of advanced data analytics, enabling them to process financial data quickly and concentrate on delivering a valuable service to our clients.
Every business is unique and faces its own set of circumstances, and we have dedicated audit teams available to suit the needs of each individual business.