Small Companies - Purpose and scope

The Small Company area is aimed at the audit of small companies and LLPs with relatively straightforward operations. The programmes are therefore simpler and easier to use than other systems. They do not address the complex requirements of listed or public interest entities, nor do they address more complex areas such as groups or companies that carry financial instruments at fair value. Matters specific to specialist entities such as charitiespensionsclubsacademies or solicitors are also not covered as tailored products are available for such entities. It is therefore important to ensure that the system is appropriate for your audit and if necessary consider using the Private Company audit tool, or other specialist audit tool.


The product includes the following:

This guidances supplement that in Audit Guidance and Methodology and Templates and Letters which are applicable to all types of entity.