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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.

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