iGAAP Alert: October 2011
Proposals to extend audit exemption to more small companies and certain subsidaries
- iGAAP Alert: October 2011
- 72 KB
- Proposals to extend audit exemption to more small companies and certain subsidaries
- Area: Audit
At the time of the 2011 Budget the Government’s Plan for Growth announced proposals to exempt further small companies and certain subsidiaries from audit, taking advantage of provisions in European law. The government proposals were published in October 2011 and, if the law is changed, it is proposed that the exemptions would be available for periods ending on or after 1 October 2012.