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Small to Medium sized company accounts and availing of audit exemption

Home » Auditing & Accountancy » Small to Medium sized company accounts and availing of audit exemption


Private companies which meet certain criteria may avail of an exemption from the requirement to have their accounts audited. These companies are absolved from the statutory requirement to appoint an auditor and the only requirement is to prepare a set of financial statements. In order to avail of audit exemption a company must satisfy the following criteria:


  • The company has turnover of less than €1,500,000.
  • The assets of the company are less than €1,904,607.10 at the end of its financial year.
  • The company has an average of less than 50 employees for the year

John McCarrick & Associates has a breadth and depth of knowledge, expertise and experience in a wide range of industries which include the Construction Industry, IT Contractors, Marketing, Retails Services, Hairdressing & Beauty Salon to help you in this regard. We offer a number of services with regard to financial accounts preparation for small to medium accounts preparation


  • Application to the companies registration office regarding audit exemption.
  • The preparation of financial accounts along with relevant working papers and supporting documentation.
  • The production of a director’s report.
  • We offer constant advice on how to improve your business operation and help strengthen any possible area of weakness.
  • We offer advice and assistance to clients to help identify and pursue future business opportunities.
  • We shall constantly up date you on the progress of your financial accounts and hold a meeting with you to discuss your financial statements.

Our experienced team of financial accountants will tend to all your requirements and provide an efficient first class service with regard to your company accounts preparation.