What accounts should be audited?

1. audited account - an inspection of the accounting procedures and records by a trained accountant or CPA. audit. financial audit - an attestation that the client's financial statement is accurate. ... limited audit - an audit of limited scope (limited in time span or confined to particular accounts etc.) read more

If shareholders ask for an audit. Even if your company’s usually exempt from an audit, you must get your accounts audited if shareholders who own at least 10% of shares (by number or value) ask you to. This can be an individual shareholder or a group of shareholders. read more

Under the terms of section 32 of the Companies (Amendment)(No.2) Act 1999 as amended by section 53 of the Companies (Auditing and Accounting Act 2003) companies that meet specific criteria were allowed to avail of an exemption from the requirement to have the accounts, which are appended to their annual return, audited. read more