The Department for Business, Innovation and Skills has published a consultation paper titled Audit Exemptions and Change of Accounting Framework - see here (pdf) - in which it proposes, amongst other things, making the exemption from audit available to a larger number of SMEs and certain subsidiary companies. The impact assessments accompanying the consultation paper are available here.
Thursday, 6 October 2011
UK: Audit Exemptions and Change of Accounting Framework - BIS consultation paper published
The Department for Business, Innovation and Skills has published a consultation paper titled Audit Exemptions and Change of Accounting Framework - see here (pdf) - in which it proposes, amongst other things, making the exemption from audit available to a larger number of SMEs and certain subsidiary companies. The impact assessments accompanying the consultation paper are available here.
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