Hi,
I have a small business but my company audit costs are in the region of 10k each year. As all my bookeeping and quarterly accounts are done in house by myself and trainee accountants they are pretty straight forward to audit at the year end.
My question is: Is it possible to outsource this audit work to a firm in India to get audited? Would this be acceptable in Ireland and by the Revenue Commissioners etc?
The cost savings would be very substantial especially in the long term. Any help or suggestions would be much appreciated.
Ciaran
I have a small business but my company audit costs are in the region of 10k each year. As all my bookeeping and quarterly accounts are done in house by myself and trainee accountants they are pretty straight forward to audit at the year end.
My question is: Is it possible to outsource this audit work to a firm in India to get audited? Would this be acceptable in Ireland and by the Revenue Commissioners etc?
The cost savings would be very substantial especially in the long term. Any help or suggestions would be much appreciated.
Ciaran