FAQ: ‘To audit or not to audit, that is the question’

Unsure if you need an audit? Well, no need to panic. Below is a list of criteria that you will need to satisfy in determining if your company needs an audit.
1) Is the company’s turnover for the year > £6.5m
2) Is the company’s gross assets > £3.26m
3) Is the average number of employees > 50 employees

Simple, if the answer to any one of the above question is ‘YES’, then an audit is required.  Click here to read more about our Audit Services.

Please note that this information is correct at date of publishing.

Tracy Koon – Audit Team

Westbury Accountants and Business Advisors is an accountancy practice based in London. Westbury have been providing Accounting and Tax solutions to small and medium sized businesses since 1936. Talk to the team at Westbury on 0207 253 7272 or visit http://www.westbury.co.uk.