477 Small companies: conditions for exemption from audit
Companies Act 2006 | Legislation

Exemption from audit: small companies

477  Small companies: conditions for exemption from audit

(1)     A company that [qualifies as a small company in relation to] a financial year is exempt from the requirements of this Act relating to the audit of accounts for that year.

(2)     . . .

(3)     . . .

(4)     For the purposes of this section—

(a)     whether a company qualifies as a small company shall be determined in accordance with section 382(1) to (6). . .

(b)     . . ..

(5)     This section has effect subject to—

section 475(2) and (3) (requirements as to statements to be contained in balance sheet),

section 476 (right of members to require audit),

section

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