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Medium-sized companies may qualify for audit exemption
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Medium-sized companies may qualify for audit exemption
The Department for Business, Innovation, Science and Trade (DBIST) initiated a ‘modernising corporate reporting’ consultation on 7 September 2026, which closes on 30 November 2026. Under the proposed overhauls, many medium-sized companies may be exempt from mandatory audits. This consultation forms part of a wider Government pledge to cut administrative burdens on businesses by 25 per cent by 2029. What is being proposed? The Companies Act 2006 …
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