Morning all12 Aug 2025 07:52
An audit can take as long as it likes. There isn't a given time frame/limit. You can look at the whole group of companies or a certain division/sector/pillar. Its about cross reference & checks and balances. You have non- audited accounts & audited accounts and it depends on the revenue threshold that needs to be crossed.
LTD company has limits and PLC (need to provide accounts for audited, there are excemptions). Issue is when you get group of compnaies owned by a Plc and different jurisditions that are the issue.
There plenty more in the mix but it gets very complicated especially with with whats happening around the world with tariffs etc and deals.
We are just in a holding pattern ready for take off maybe!