An audit is a requirement of the Companies Act 1995 for all Trinidad & Tobago limited liability companies registered under the Act including external companies. However, by s.164 the shareholders of a company, other than a public company, may by unanimous resolution resolve not to appoint an auditor. Such a resolution is valid only until the next succeeding annual meeting of shareholders.
Though an audit may not be necessary for some shareholders, there is usually an overriding need for an audit to be performed to provide reasonable assurance to other key stakeholders such as banks, lenders, and foreign creditors, that the financial statements on which they rely, are free from material misstatements.
We have the necessary skills and expertise to provide an independent opinion on your company’s financial statements.