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Threshold raised

Series: Financial Times ; 12 October 1999, 6(1)Publication details: 1999Subject(s): Summary: Government has announced plans to raise the turnover threshold for statutory audits from £350,000 to £1m. It is anticipated that the change will save small businesses £500m a year in costs.

Government has announced plans to raise the turnover threshold for statutory audits from £350,000 to £1m. It is anticipated that the change will save small businesses £500m a year in costs.