Financial Auditing Services Ireland
Financial Auditing Services Ireland
We are expert asses across Ireland.
We tailor our service so that it meets your exact requirements.
Financial Auditing Helping SMEs
Statutory & Internal Audits
Small company audits delivered at an affordable price without any compromise on quality
It is a common misconception that many companies no longer require an audit.
However, if a company is late filing its annual returns, an audit will be required.
Independent Audit Services to Ensure Financial Integrity
Certain companies such as Charities and certain other Government funded Companies may still be required to prepare annual audited accounts.
Compliance with Irish Companies Act Requirements
Our audit approach is risk based. We take the time to plan each audit and identify the most critical parts of the audit beforehand.
We tailor our work by concentrating on areas likely to contain errors or fraud.
We have invested heavily in specialised software to reduce the time required to carry out audit work. This reduces the cost to our clients without reducing the quality of the final product.
Identifying Risk and Improving Internal Controls
An audit gives extra assurance to investors, bankers and shareholders about the financial performance of your company.
It also acts as a deterrent to fraud and can help to identify weaknesses and inefficiencies in the accounting system.
Top Reated Financial Auditing Services
With our intelligent risk based approach to the audit process and innovative use of cutting edge software.
We currently offer a basic small company audit from €1,500 plus VAT.
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FREQUENTLY ASKED QUESTIONS
What are the criteria for audit exemption in Ireland for a small company?
To qualify for an audit exemption in Ireland, a company (that is not part of a group) must qualify as a “small company” under the Companies Act 2014.
As of July 2024, the size limits have increased. Your company must satisfy two or more of the following requirements in the current and preceding financial year:
Turnover: Does not exceed €15 million.
Balance Sheet Total: Does not exceed €7.5 million.
Average Number of Employees: Does not exceed 50.
Additionally, the company’s annual returns must be filed on time with the Companies Registration Office (CRO), and it must not be an “ineligible entity” (such as a PLC or a credit institution).
Does a late CRO filing mean my company automatically loses its audit exemption?
Under the new rules commenced on 16 July 2025, there is more leniency for small and micro-companies.
A single late filing of an annual return no longer results in the automatic loss of audit exemption.
Instead, a company will only lose the exemption for the following two years if it files late twice within a five-year period.
Please note that while you may keep your exemption after one late filing, you will still be liable for CRO late filing fees.
Furthermore, this “one-strike” leniency does not apply to companies within a group; if any company in a group files late, the entire group may lose its audit exemption.
Can shareholders still request an audit even if the company is exempt?
Yes. Even if a company meets all the statutory criteria for an audit exemption, shareholders holding 10% or more of the voting rights (or one member in the case of a Company Limited by Guarantee) can serve a written notice on the company requesting an audit.
This notice must be served during the financial year to which it relates, or in the preceding year, but no later than one month before the end of the financial year.
This ensures transparency and protects the interests of minority shareholders who may want an independent verification of the financial statements.
Why would an Irish company choose a voluntary audit if they are exempt?
Many Irish SMEs choose to undergo a voluntary audit to enhance their financial credibility. An audit provides a “true and fair” opinion from an independent statutory auditor, which is often a requirement for:
Banking & Finance: Lenders and banks often require audited accounts before approving significant business loans or credit lines.
Grant Applications: Many Enterprise Ireland or IDA grants require audited financial statements as part of the due diligence process.
Company Sale: If you plan to sell your business, audited accounts provide peace of mind to potential buyers and can simplify the due diligence process.
Internal Controls: An audit can help identify weaknesses in your internal accounting systems and act as a deterrent against fraud.