I am currently investigating whether a company that I am preparing accounts for is entitled to an audit exemption when filing a set of accounts.
I have read information leaflet 10 on the CRO website and the company fulfills the five criteria outlined in paragraph 2.5 that allows it to cliam audit exemption, however after reading the list of companies not allowed to avail of the exemption I am still not 100% sure if a company limited by guarentee is not allowed claim the exemption.
If a company is a company limited by guarentee - Can they still avail of the audit exemption if the fulfuill all the other criteria.
Appreciate any guidence
I have read information leaflet 10 on the CRO website and the company fulfills the five criteria outlined in paragraph 2.5 that allows it to cliam audit exemption, however after reading the list of companies not allowed to avail of the exemption I am still not 100% sure if a company limited by guarentee is not allowed claim the exemption.
If a company is a company limited by guarentee - Can they still avail of the audit exemption if the fulfuill all the other criteria.
Appreciate any guidence