audits (1 Viewer)

[symo]

are audits compulsory for all companies or just public companies?
thanks

 

[hipsta_jess]

i think its just public companies isnt it? and then private companies can be audited if 'the big guys' think there is something sus going on..but im not completely sure

 

[chris42]

Yeah only compulsory for public companies, NOT private companies, however sometimes private companies do it out of their own accord just to make sure their books are right.