Group audit thresholds | AccountingWEB

Group audit thresholds

'Dormant' holding company (other than potentially dividend being received from subsidiary) with trading subsidiary.

Subsidiary individually breaches the £3.26m gross asset threshold for audit purporses but, the group does not breach the £3.90m gross asset rule.

Turnover and employees are below the audit threshold.


Does the subsidiary require an audit? and does the holding company?