ICAI welcomes new audit exemption threshold of €1.5m

The Institute of Chartered Accountants in Ireland (ICAI) has expressed its approval of the new audit exemption threshold set out in the Companies Act 2004.

ICAI welcomes new audit exemption threshold of €1.5m
Thu, 08 Apr, 2004 - 13:20

The Institute of Chartered Accountants in Ireland (ICAI) has expressed its approval of the new audit exemption threshold set out in the Companies Act 2004.

The move removes the legal obligation to conduct a compulsory audit for firms with a turnover of less than €1.5m, and replaces the previous threshold of €317,000.

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