Audit Exemption Guides

Plain answers on losing and regaining your audit exemption, dormant companies and what an audit involves. Checked against CRO guidance and the Companies Act.

Audit exemption

Why companies lose their audit exemption

The late-filing rule, and how it reaches dormant companies too.

The July 2025 audit exemption rule change

Late more than once in five years, and what happened to older late filings.

Getting your audit exemption back

Two audited years, then exemption again, if you file on time.

Dormant companies

Dormant or inactive: what's the difference?

The section 365 test, inactive companies, and which exemption applies.

Audit or strike off?

When closing a dormant company costs less than auditing it.

The audit

What the auditor will ask for

The documents, confirmations and signatures to have ready.