11/02/2025
Change is coming to audit requirements – and it’s going to impact many accountancy firms.
With the audit exemption thresholds increasing (see diagram below) more businesses will no longer require an audit. Good news for some, but what does this mean for accountants?
+ Fewer clients needing statutory audits.
+ More pressure on firms to replace lost audit revenue.
+ New opportunities in advisory services.
For firms already considering dropping audit, this shift could be the tipping point. Keeping an audit licence means maintaining regulatory compliance, even as the client base shrinks, if this is on your mind get in touch.