Proposals for a law by MPs Ilias Mirianthous, Marios Mavridis, Alekos Tryfonidis and Michalis Yiakoumis are being discussed in the Trade Committee with the aim of reducing the administrative costs of small and medium-sized enterprises (SMEs) by establishing criteria for audits.
The criteria primarily relate to the amount of turnover and the balance sheet of each company so that small and SME businesses do not have to bear the same high costs for their audited accounts as larger companies that employ more employees. It is clarified that these companies will not be exempted from the obligation to be audited for any reason.
(CNA)
CNA - Kyriaki Christodoulou
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