Guidance on audits and independent examinations under the Companies Act and Charities Act.
Company charities that:
- meet the Companies Act definition of a small company, and
- do not exceed the Companies Act audit threshold
can choose exemption from audit under the Companies Act.
This means that small company charities can have their accounts audited or independently examined under the Charities Act.
This guidance applies to financial years starting on or after 1 April 2008.