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Require the accounts of all companies be audited

Submitted by Sebastian Thompson on Friday 17th December 2021

Published on Tuesday 21st December 2021

Current status: Closed

Closed: Tuesday 21st June 2022

Signatures: 17

Relevant Departments

Tagged with

Companies ~ Offer ~ Offered ~ pocket ~ Pockets ~ Remove ~ Size

Petition Action

Require the accounts of all companies be audited

Petition Details

I would like the Government to remove exemptions that mean some small companies do not need to have their accounts audited. The accounts of all companies should be audited, irrespective of their size.

Additional Information

I have seen on multiple occasions within my role as a credit controller, companies falsifying accounts which are not audited.

These figures are then looked at by credit reference agencies who use their own algorithms to make a decision on what credit limit they would offer.

Where accounts have been falsified to make a company appear to be in a better position than they actually are, large credit limits are recommended. Lenders use this information to offer credit and are often left out of pocket.


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