Small companies: conditions for exemption from audit
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Memorandwm Esboniadol
4. In section 477(1) of the 2006 Act (small companies: conditions for exemption from audit)—
(a)in subsection (1), for “meets the following conditions in respect of” substitute “qualifies as a small company in relation to”;
(b)omit subsections (2) and (3); and
(c)in subsection (4), omit paragraph (b) and the preceding “and”.
(1)
Section 477 was amended by S.I. 2008/393, regulation 5(1).