Credit ratings under threat from unaudited accounts

Under changes introduced by the Government in January, companies can now legally opt out of auditing their accounts if they fall below the £10.2 million statutory threshold, but they may risk their credit ratings by doing so. Ratings agency Graydons

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Audit exemption for small companies

Smailes Goldie is urging smaller firms to consider continuing with their audits, despite the audit exemption threshold being raised. The Government has considered responses to questions posed on the audit exemption threshold and has agreed that companies with a turnover

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Audit exemption for small companies

The Government has considered responses to questions posed on the audit exemption threshold in its discussion paper on the implementation of the Audit Directive (2014/56/EU) and the Audit Regulation (Regulation 537/2014) and raised the audit exemption threshold. This means that

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Audit threshold rises to £1m

A new charity audit threshold, doubling the previous limit to £1 million, has now come into effect. The change took effect on 31 March 2015, following publication in February of a Cabinet Office response to a consultation on charity audits

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