At The Hansen Company our aim is to help your business grow and develop.
Our approach to an audit assignment is not based purely on helping a business fulfil its statutory obligations; an audit gives us an ideal opportunity to look inside a business and see what makes it tick. We can then use this knowledge to work with the Company’s management team to help them get the most out of their business.
If you are a limited company and you meet two of the following criteria then you are entitled to an audit exemption:
Annual turnover is less than £6.5 million
Balance sheet is less than £3.26 million
Number of employees less than 50
If you do not meet two of these criteria then it is a legal requirement to have your annual statutory accounts audited. However, in some instances, even if the company qualifies for audit exemption there could still be occasions when you are required to have an audit. You can also have an annual audit voluntarily.