Currently MOST companies that can satisfy two of the following criteria are exempt from a statutory audit
Less than 50 employees
Balance sheet total no more than £3.26M
Turnover less than £6.5M
However, some companies still require and audit despite meeting the criteria above.
We would be happy to advise if you company needs or would benefit from an audit.
Smith-Milne & Co. are registered with the Association of Chartered Certified Accountants (ACCA) to conduct audits. Not all accountants are able to offer this facility. Our practice files are subject to independent inspection by Association officials, to maintain standards and our status as auditors.
We at Smith-Milne & Co. are proud of our standards and methods of audit and reporting. Guidance is always available through our practice to work with our audit clients, to take appropriate steps to ensure an unqualified audit report.