I seem to remember seeing an article that said that the auite requirement of subsidary companies was to be lifted, in October I think.
Is this the case? Any news would be welcome.
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No news at the moment
I think the outcome is still awaited. The consultation period ended and the report on responses to that consultation was published on 2 March 2012 and can be found here http://www.bis.gov.uk/assets/biscore/business-law/docs/a/12-609-audit-exemptions-accounting-framework-summary-responses.pdf
Under next steps it states any "draft legislation" would be published "in the Spring". It doesn't say which Spring!! Think it's been kicked into the long grass.