Audit Limit for Charites rises to £1m
An amendment to the Charities Act 2011 has recently come into force which means that Charities with income below £1m will no longer require a statutory audit.
An amendment to the Charities Act 2011 has recently come into force which means that Charities with income below £1m will no longer require a statutory audit.
As one of the leading accountancy firms in Swansea & West Wales, Bevan & Buckland get asked this question on a regular basis.
The Companies Act 2006 has been changed, accounts for medium and large companies ending on or after 30 September 2013 with require a strategic report to be included within the directors’ report in your statutory financial statements.