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Company limited by guarantee - reporting requirements

  • 07-08-2014 10:33am
    #1
    zenith
    Registered Users, Registered Users 2 Posts: 785 ✭✭✭


    Hi,

    Any idea when the requirement to get audited accounts prepared for a company limited by guarantee will be dropped? I am part of a community group that is being limited in what it can do because it wants to avoid the (shortly-to-be unnecssary) audit costs... so is delaying setting itself up as a company limited by guarantee...

    Thanks!
    zenith


Comments

  • #2
    Alan Shore
    Registered Users, Registered Users 2 Posts: 735 ✭✭✭Alan Shore


    The proposals are in the company bill which are to be enacted at the end of this year, beginning of next.


  • #3
    dbran
    Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭dbran


    Hi

    As Alan said the proposals are in the new company bill which will be enacted shortly.

    However, you should note that the new Charities Act when it is fully enacted will more then likely require that an audit is carried out for charities that are above a certain level of turnover. Unlike company law, this will more then likely extend to unincorporated entities also.

    Best Regards

    dbran


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