I know that a company with turnover of less tan $5 million and less than 20 staff is considered exempt from submitting audited E.O.Y accounts.
However, one of MOMs entrepass renewal requirements is a copy of latest audited accounts.
So it seems an audit is not needed for returns but for entrepass renewal.
Does anyone know more on this?
What is a standard cost for EOY accounting and an audit? More/less than $2500?