Audit – Private Companies
Small proprietary companies, which satisfy two of the following: consolidated revenue less than $25,000,000 consolidated gross assets less than $12,500,000 employ less than 50 employeesDo not require an audit in most circumstances. (Excluding foreign owned subsidiaries.)Large proprietary companies, which satisfy two of the following: consolidated revenue more than $25,000,000 consolidated gross assets more than $12,500,000 employ more than 50 employees.Audit Guide – Do we need an audit?
