Accounting for Small Companies

Many more small financial services companies can take advantage of the option not to have their accounts audited, and of other small company accounting and reporting simplifications, as a result of changes to the Companies Act 1985.  For guidance on the changes please click below:Guidance on changes to the accounting and auditing requirements for certain small financial services companies and LLPs

For a copy of the Regulatory Impact Assessment please click below:

Final regulatory impact assessment: the Companies Act 1985 (small companies' accounts and audit) regulations 2006

 

Fact Sheets: Accounting for Small Companies

 

Thresholds for small and Medium-sized Companies and Groups

 

Increase to the audit exemption thresholds

 

Research on the Audit Exemption Threshold

 

Dormant Companies - Audit Exemption