Small companies: conditions for exemption from audit5
In section 4797 of the 2006 Act (availability of small companies exemption in case of group company)—
a
in subsection (1), for paragraph (a) substitute—
a
the group—
i
qualifies as a small group in relation to that financial year, and
ii
was not at any time in that year an ineligible group, or
b
omit subsection (2); and
c
in subsection (5), omit paragraphs (c), (d) and (e).