All limited companies in Ireland are obliged to prepare statutory financial statements whether they be audit exempt or not. With the increase in the audit exemption limits in recent times many Irish companies now fall into the category of being Audit Exempt.

Criteria for Audit Exemption:

- Turnover does not exceed €7,300,000; and
- The gross assets of the company < €3,650,000; and
- The average number of employees <50; and
- The company is not a parent or subsidiary undertaking.

In Ireland if a company's annual return for the current year or the previous year was not filed on time, the company cannot avail of the audit exemption.

In conjunction with our bookkeeping and management accounts services we offer statutory accounts preparation services.

For further information please do not hesitate to contact us.