Companies (jersey) law 1991 audit exemption

Do Jersey companies require an audit?
Public companies of Jersey must be audited.
Private companies of Jersey must only appoint an auditor if: it is required by the articles of association of the company; or..
How do you qualify for audit exemption?
Your company may qualify for an audit exemption if it has at least 2 of the following:
1an annual turnover of no more than \xa310.2 million.2assets worth no more than \xa35.1 million.350 or fewer employees on average..
Audit Exemption Criteria
A small company is qualified for audit exemption if it meets at least two of the following conditions: The company's total revenue does not exceed 10 million SGD.
The company's total assets for the financial year end does not exceed 10 million SGD.
If the total sales, turnover or gross receipts does not exceed Rs 2 crore in the financial year, then tax audit will not apply to such businesses.

(4) This Article applies only to a prospectus first circulated after the Article comes into force. 31 Exemption from liability to pay compensation.Interpretation3D Unlimited companiesRule of law relating to issue of

Aug 11, 2023Article 113(1) requires a company to appoint an auditor to examine and report in accordance with the Companies Law upon its accounts if: it is a

Does a company need to appoint an auditor in Jersey?

Information on the requirement for a company to appoint an auditor in Jersey which became valid on 5 April 2010 when Regulation 4 of the Companies (Amendment No

4) (Jersey) Regulations 2009 came into force and inserted a revised Part 16 [Accounts and Audits] into the Companies (Jersey) Law 1991

What are the Guernsey audit exemption regulations?

Full text of the regulations which came into effect on 7 November 2014, as published by the Guernsey Legal Resources

The regulations amend the Companies (Audit Exemption) Regulations 2008 to specify another category of company which can be exempted from the requirement to have an audit

Guidance document published by the Guernsey Registry

Why is Jersey a good place to establish an asset holding company?

Jersey is a popular place to establish an asset holding company because the Law is modern, flexible and modelled on English companies legislation

This guide looks at the key things you need to know about the audit requirements for a company under the Law

Words in bold text are defined at the end of this guide

Companies (jersey) law 1991 audit exemption

Do Jersey companies require an audit?

How do you qualify for audit exemption?

Your company may qualify for an audit exemption if it has at least 2 of the following:

Does a company need to appoint an auditor in Jersey?

What are the Guernsey audit exemption regulations?

Why is Jersey a good place to establish an asset holding company?