Accountants | Business Advisors | Ireland | Cork | Dublin

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

Written by Ann Donnelly | 26-Feb-2013 12:59:38
  • 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.