By john
The commencement of Section 22 of the Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024 on 16 July 2025 provides for a change to the current audit exemption regime.
Late annual returns filed up to midnight on 15 July 2025 will require an audit for the following two annual returns.
Section 363(2)(b) confirms that if a company files late after the commencement date, any late filing before the commencement date will be disregarded when deciding if audited financial statements are required.
Edited 25/07/2025