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Audit exemption conditions for companies

This helpsheet outlines the audit exemption conditions for companies. Download the full helpsheet for a flow diagram of conditions to help determine whether an audit is required.

This helpsheet does not reflect the Statutory Instrument 2015/980 ‘The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015’ (SI 2015/980), which has effect in relation to financial years beginning on or after 1 January 2016. For further information on SI 2015/980, please view our helpsheet UK company law and financial reporting changes, which addresses the main changes to company law and financial reporting as a result of the implementation of the EU Accounting Directive into UK law.