Client focused Audit Services
Auditing is one of the core services that we provide to a variety of companies, regulated entities, government agencies and registered charities.
Our audit team enables your organisation to comply with all its statutory obligations but also adds value to benefit the performance of your business.
Our approach ensures that the significant issues which impact on your business are thoroughly assessed and defined, allowing you to focus on development and growth. Many of our clients operate in multiple jurisdictions and our membership of MSI Global Alliance means that, along with our Associates, we can take care of our clients auditing requirements in most countries.
We also provide a comprehensive internal audit function and are members of the Chartered Institute of Internal Auditors (IIA) in the UK and Ireland.
a little more reassurance
Proud members of MSI International Global Alliance
Cathal is a member of the ACCA's* Global Council
Tax Advisory Firm of the Year 2024 at the Irish Enterprise Awards
Cathal receiving the ACCA* Accountant of the Year Award
FAQs
Registered Auditors
● How do I know if my company needs a statutory audit in Ireland?
You need an audit if your company exceeds any two of the following thresholds:
i. Turnover is greater than €12 million.ii. Balance sheet total is greater than €6 million.iii. Number of employees is greater than 50.
Public companies, regulated entities and charities may need an audit regardless of size.
● Can I claim audit exemption?
Yes, small companies that meet the thresholds below for two consecutive years can claim audit exemption:
i. Turnover less than €12 million.ii. Balance sheet total is less than €6 million.iii. Less than 50 employees.
● What happens if I miss my annual return deadline?
If you miss your annual return deadline, your company automatically loses audit exemption for two years, meaning you will be legally required to submit audited accounts.
● Do charities and not-for-profits need audits?
Yes, especially if:
i. Annual income exceeds €250,000.ii. They are registered with the Charities Regulator.iii. Required by their governing documents.