Small Businesses: Audit
Commons · Question 6186 · Tabled 4 Oct 2024 · Department for Business and Trade · Official record
Answered 9 Oct 2024
Question
Asked by Mark Garnier
To ask the Secretary of State for Business and Trade, whether he plans to change the threshold of full audit requirements for smaller businesses.
Answer
Answered by Justin Madders, 9 Oct 2024
The qualifying criteria that determine company size for the purposes of accounting and audit have not changed in over a decade. It is right that these thresholds are reviewed periodically so they are set at appropriate levels.Company size thresholds are b...