Increasing audit thresholds for co-operatives and community benefit societies

The government announced at Spring Budget 2017 that the thresholds above which co-operatives and community benefit societies have to appoint an auditor will increase, in line with the treatment for companies. This consultation invites views on whether this will help deliver on the aim of helping co-operatives and community benefit societies compete on a level playing field with companies and whether the draft legislation delivers on the policy intent.