| 释义 |
audit exemption
All companies are required to appoint auditors, unless exempt (Companies Act 2006 s 475). Small and dormant companies are exempt (s 477, s 480) where the directors of such companies provide a statement to that effect on the company’s balance sheet. However, an exempt company must hold an audit if member(s) holding at least 10% of any class of shares demand one (s 476). A small company is an exempt company if two of the following requirements are met: (1) the company has an annual turnover of £10.2 million or less; (2) the total assets of the company are £5.1 million or less; (3) the company has 50 or fewer employees. A company is not required to appoint an auditor where the directors reasonably resolve that audited accounts are unlikely to be required (s 485, s 489). |