Since 1994 the corporate legislation in the UK contained a requirement that small companies, with a turnover of £90 000 and a balance sheet total of £1.4 million, were exempt from having their finan..

Wed, 03 Dec 2008 21:23:47 +0000

Since 1994 the corporate legislation in the UK contained a requirement that small companies, with a turnover of £90 000 and a balance sheet total of £1.4 million, were exempt from having their financial statments audited. Furthermore the legislation stated that if the turnover of the company was between £90 000 and £350 000, 10percent or more of the shareholders could decide not to have the financial statements audited.
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Comments for Accounting And Audit Exemptions For Small Companies In The UK

Since 1994 the corporate legislation in the UK contained a requirement that small companies, with a turnover of £90 000 and a balance sheet total of £1.4 million, were exempt from having their finan..