76 Ardilea
Lovers Lane
Castlecomer Road
Co Kilkenny

T: 056 7780820
F: 056 7780815

Audit & Assurance Services

David Barry & Co are registered statutory auditors authorised to conduct audit work by the Institute of Certified Public Accountants in Ireland and are registered on the Register of Auditors maintained by the Registrar of Companies (CRO). To review our firm’s listing on the CRO’s register please click here.

Under Irish company legislation an annual audit is a statutory requirement for all limited companies that do not meet specific criteria allowed to avail of an exemption from the requirement to have the accounts audited. The criteria that a company must fulfil before the exemption can be availed of are summarised below.

  • The company must be a company to which the Companies (Amendment) Act 1986 applies i.e. a Private Limited Company (a company limited by guarantee may not avail of the exemption);
  • The amount of turnover of the company must not exceed €7.3 million;
  • The assets of the company are less than €3.65 million at the end of its financial year;
  • The average number of employees must not exceed 50;
  • The company must not be a parent company or a subsidiary company (i.e. part of a group of companies);
  • The company is up to date with its filing requirements to the Companies Registration Office;
  • The company is not a bank or insurance company;
  • The company must not come within one of 19 classes of companies listed in the Second Schedule to the 1999 Act; Please see Attorney Generals website for Second Schedule.
    • Please note that all criteria must be met for both the current year and the preceding year. For more details about audit exemption please visit the CRO’s website by clicking here.

      At David Barry & Co. we focus on building close client relationships that add long-term value. This includes assuring the solidity of financial records.

      In addition to providing the business assurance required of a statutory audit we aim to identify and report on the strengths & weaknesses of our clients' accounting systems and internal controls.

      We adopt a risk based approach to each audit assignment we undertake. The audit focuses on the key audit risk areas, which are derived from our knowledge and understanding of the entity for whom the audit assignment is being carried out.

      Besides helping you meet the statutory requirements, we also take the opportunity to conduct a review of your financial and management systems. This can often result in our identifying potential problem areas and recommending opportunities to improve your business performance. We discuss the problems and opportunities with you and help you implement any agreed solutions.

      If you have any queries or if you would like a free consultation about our audit services please contact David Barry.

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