The Companies (Accounting) Act 2017 has been passed by the Oireachtas and commenced on 9th June 2017 (with the exception of section 80).
The Act amends or inserts a number of areas in the Companies Act 2014, principally Part 6 of the Act which deals with financial statements. Section 15 amends Part 6 of the Companies Act 2014 by inserting a new Chapter 1A (sections 280A – 280H) which provides for the criteria for companies to qualify as “small”, “medium” or “large”, and introduces the new “micro” category of company.
Micro companies are very small companies and can qualify for abridgement and audit exemptions if eligible.
Copyright 2017 Public Office Address: Companies Registration Office, Bloom House, Gloucester Place Lower, Dublin 1. Phone: +(353 1) 8045200
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