The Companies Act 2014 commenced on 1 June 2015 and, with its inception, changed the qualifying conditions for audit exemption. Certain companies who could not have availed of audit exemption under the previous legislative framework may now avail of audit exemption provided certain qualifying criteria are met. In some cases, therefore, Directors and Shareholders must decide for the first time whether to avail of audit exemption or continue to have their accounts audited.  Read more…