Dispense with audit
A client company which is well within the audit exemption limits has nevertheless had a voluntary audit for many years. I am fairly certain they have a resolution in place to dispense with the annual appointment of auditors though I need to confirm this.
It is probable that they will not have the accounts audited for the year just ended. What procedures and/or resolutions are necessary? I haven't dealt with this situation before and certainly not since the 2006 Act came in. So I am assuming that the Auditors are deemed to be in post and therefore will need to be removed or will have to resign. Is that correct?
Any help or pointing me in the right direction for guidance (I couldn't find anything on CH website) gratefully received.
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