How does our ltd company qualify for audit exemption and thereby keep its accountancy costs reasonable?

26 February 2013 By Ann Donnelly

Firstly you need to ensure it is not one of the 19 excluded activities companies listed in the Second Schedule to the 1999 Act. These are generally financially regulated companies.
The turnover, number of employees and balance sheet total must be within pre-defined limits. These are €8.8m turnover, 50 employees and €4.4m for balance sheet total.
The company must not be a parent or subsidiary company.
The annual return for the current and prior year must have been delivered on time.