PracticeAuditGreen Budget: Audit threshold may rise

Green Budget: Audit threshold may rise

The chancellor raised hopes this afternoon of a further rise in the audit threshold after he pledged to consult next year on lifting the level at which companies are subject to mandatory audits.

Link: Pre-Budget special report

Brown told the Commons that he would consult next year on measures of audit ‘deregulation’ for medium-sized firms, implying that the threshold could be raised to the European Union level of £4.8m

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