| The requirement criteria for a company to
have an audit undertaken has changed. Small companies will only
require an audit where their turnover is more than £5.6
million; balance sheet total more than £2.8 million and
have more then 50 employees. This will be effective for all
audit clients with financial years ends after 31 March 2004.
Even if a company does not need to have an audit, it may
request an audit on behalf of other interested parties such
as banks, or institutional investors. The Kelvin Partnership
is registered to carry on audit work by The Institute of Chartered
Accountants of Scotland and has extensive audit experience
over a range of businesses.
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