Does your company need an audit?

The size tests, group rules, exemptions and when shareholders can require one. 3 guides

• UK audit exemption thresholds: the small-company and group tests, and the proposal to exempt medium-sized companiesUK audit exemption thresholds for years starting on or after 6 April 2025: £15m turnover, £7.5m balance sheet total, 50 staff; groups; the medium proposal.
• Audit exemption for UK subsidiaries: the s479A parent guaranteeHow the s479A audit exemption works: which UK subsidiaries qualify, what the parent guarantee covers, form AA06, the filing pack, and when to audit.
• Does a UK subsidiary of a US or overseas company need an audit?Does my UK subsidiary need an audit? Usually yes, once its worldwide group is over the small-group limits two years running. The tests, and the exemptions.