The lowdown: Even though you don’t have to audit, should you?
Who is eligible for the audit exemption, and why?
Recent changes to the company law regime in Ireland mean that more companies than ever can now dispense with the annual requirement to have their financial statements audited by an external auditor.
For many company directors this will come as a welcome development. Others may not be so sure and the matter may require some careful consideration.
In general, companies meeting two of the following three conditions can avail of the audit exemption:
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures