The Department of Trade and Industry (DTI) has extended exemption rules for small to medium sized firms to mortgage and general insurance brokers.
The DTI has introduced three sets of regulations extending the option to prepare and distribute summary financial statements from listed companies to all companies that have had their accounts audited. They also ensure companies preparing their accounts in accordance with International Financial Reporting Standards can continue to use summary financial statements. The regulations include certain limited simplifications for specific categories of small company, exempting insurance and mortgage brokers from staturtory audit. But the regualtions do not extend to investment IFAs. The Fina...
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