Audit threshold

Audit threshold

Didn't find your answer?

I am not a registered auditor, so any pointers would be welcome. My reading of the legislation is that when looking at the Companies Act requirements, they are concerned with group structure in the full accounting manner - i.e. holding coy and subsidiaries - and not the "associated" group which we use for tax purposes - is that correct?
This is the same basis on which you can claim FYA's - using the Companies Act definitions for group. If a company's association with another company pushes it over the Companies Act thresholds for FYA's - you can still claim FYA's can't you?
DK

Replies (1)

Please login or register to join the discussion.

avatar
By AnonymousUser
31st Oct 2006 20:27

Financial Reporting

Audit is a financial reporting, not tax reporting, issue, so I think you are safe working on the basis of Companies Act rules.

 

Thanks (0)