Which of the following companies qualify for exemption from audit?
A、A public company with turnover of £1 million and a balance sheet total of £2 million B
A、private company with turnover of £11 million and a balance sheet total of £6 million C
A、dormant company
A、A public company with turnover of £1 million and a balance sheet total of £2 million B
A、private company with turnover of £11 million and a balance sheet total of £6 million C
A、dormant company
【参考答案及解析】
Dormant companies are exempt from audit. Public companies are never exempt from audit. Private companies are exempt from audit if they have turnover of less that £10.2 million and a balance sheet total of less than £5.1 million.
Dormant companies are exempt from audit. Public companies are never exempt from audit. Private companies are exempt from audit if they have turnover of less that £10.2 million and a balance sheet total of less than £5.1 million.