What Public Interest Score determines whether an audit or independent review is required?
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For PIS below 100 and the company is owner-managed does not require an audit or an independent review. If not owner-managed then an independent review is required.
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PIS between 100 and 350 where the company's AFS are internally compiled requires an audit.
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For PIS between 100 and 350 where the company's AFS are independently compiled, and the company is owner-managed, no review or audit is required. If not owner-managed then an independent review is required.
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PIS score above 350 requires an audit in all circumstances.
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