Written Question·Department for Business and Trade·UIN 6186
Small Businesses: Audit
Tabled: 4 October 2024
Answered: 9 October 2024
Named DayQuestion
Mark Garnier
Conservative — Wyre Forest
To ask the Secretary of State for Business and Trade, whether he plans to change the threshold of full audit requirements for smaller businesses.
Answer
Justin MaddersThe qualifying criteria that determine company size for the purposes of accounting and audit have not changed in over a decade. It is right that these thresholds are reviewed periodically so they are set at appropriate levels.Company size thresholds are b...
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