Once a company reaches a certain size then they are required to carry out a statutory audit by a qualified auditor with an up-to-date practicing certificate.
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The size criteria for a company audit are as follows:

We pride ourselves on our comprehensive knowledge of current, local and international accounting standards and our ability to apply this to assist you with your company’s statutory accounts.
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On the back of recent changes in company law several Irish and International companies are in a position to file audit exempt statutory accounts with the Company’s Registration Office (“CRO”) rather than incurring the costs of having those accounts audited.
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You can also request a company audit if you feel the need. For example, companies that wish to sell in the future will request a statutory audit as a potential buyer will have greater confidence in the figures. This can help increase the selling price. Shareholders that do not work in the business can request a statutory audit of the accounts to have peace of mind that the business is being run correctly and the financial position is accurate.
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Our team of internal auditors will ensure your statutory audits are carried out in a timely manner and meet all of the requirements laid out by the company’s registration office.