Which TWO of the following are criteria that a private company must meet to be exempt from audit? (1) Turnover less than £10.2 million (2) Balance sheet total less than £5.1 million (3) Average number of employees less than 30 (4) Total long-term debt less than £4.5 million
A、1 and 2
B、1 and 4
C、2 and 3
D、3 and 4
A、1 and 2
B、1 and 4
C、2 and 3
D、3 and 4
【参考答案及解析】
A private company is exempt from audit if its turnover is less than £10.2 million, its balance sheet total is less than £5.1 million and it has fewer than 50 employees on average.
A private company is exempt from audit if its turnover is less than £10.2 million, its balance sheet total is less than £5.1 million and it has fewer than 50 employees on average.