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AUDIT EXEMPTION EXTENSION
With effect from 5 September 2005 entities (companies and LLP’s) which fall within the following category will be entitled to take advantage of audit exemption.
- be an appointed representative (within the meaning of S.39, FSMA 2000); and
- arrange/advise on regulated mortgage contracts or contracts of insurance; and
- qualify as a small company; and
- qualify for audit exemption based on turnover and gross assets criteria.
The audit exemption applies to financial statements that are delivered to Companies House on or after 5 September 2005.
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