Audit

In general small companies in the UK normally do not require an audit but if a small company is a subsidiary company in a group then it may require an audit.

In general terms a requirement for an audit would be triggered if the group Comapny worldwide turnover or balance sheet value exceeds the UK audit threshold (currently turnover £6.5m or balance sheet £3.26m).

The Johnsons specialist audit team apply the International Audit Standards that are used in the UK.

If an audit is required, as well as dealing with the UK aspect, we can assist with the overall group audit. We can advise on any differences in accounting treatment between the UK and Group accounting policies, prepare audit information to inform the Group process working with the Group auditors as required.