Audit threshold ?

Hi Everyone !

I will prepare soon the accounts of 2 companies which apparently do not need any audit.

Could you please remind me what are the actual thresholds in turnover  / BS under which audits are not complusory.How are those thresholds calculated ( any tricks ? ).

Are there specific rules for the accounts presentation then ?

Sure this question will get one million posts ? ( unlike my Joint Venture question earlier on ....)

A big thank !