Our May Newsletter is out with some potentially good news about welcome changes to the Audit exemption, and information on the Public proposals to enhance the Companies Act 2014. Note: The content within the newsletter is provided for information purposes only and does not constitute legal or other advice.
A very welcome change to audit exemption is proposed in a consultation document issued by The Department of Enterprise, Trade and Employment. The closing date for submissions from stakeholders and interested parties on all the proposals is 5pm on 9th June 2023. The document seeks responses on the following proposals regarding audit exemption:- Should the
Q – We missed the Annual Return Date (“ARD”) filing deadline for our Company. What options do we have if we want to retain the audit exemption? DO NOT FILE!! Sorry to be so dramatic but if you file the late annual return, you lose potentially the only option you have to retain the audit