Audit Exemption Threshold
65. Mr. Gormley asked the Minister for Enterprise, Trade and Employment the number of businesses that will become exempted under the proposed plan to increase the audit exemption threshold to €7.3 million; and the consequent cost to the Exchequer. [23953/06]
Minister for Enterprise, Trade and Employment (Mr. Martin): The Report of the Small Business Forum, which recommended the increase of the turnover threshold for audit exemption for small businesses to €7.3m., states that this increase will afford the opportunity for audit exemption to approximately 5,000 additional small companies. The increased audit exemption turnover threshold will not entail any cost to the Exchequer.