ACCOUNTANCY AGE: Audit threshold rise on the cards for March

With consultation now closed on whether the statutory threshold should rise from its current £350,000 level, officials said this week that ministers hope to announce their decision in the New Year.

The DTI has received more than 100 responses to its consultation paper.

Ministers have been widely expected to set a new level of £1m.

‘Crazy compromise’ reached after English ICA splits over audit threshold

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