4. Can shareholders request a company audit even if it does not breach the audit thresholds?

30th November 2023

Yes – if you are asked by shareholders who own at least 10% of your shares, you must arrange for an audit to be carried out on your accounts. The audit can be requested by a single shareholder with a greater than 10% share in your company, or by a group who total 10%.

This request must be made in writing and sent to the registered office address of the company, and it must be received at least one month prior to the end of the financial year.