Question

in a private enterprise audit is ? compulsary , optional, unnecessary

Answer 1

sorry I don't know this answer

Answer 2

In a private company,an audit is optional. Often private companies audit their accounts only when their owners need them for purposes of seeking credit or  additional shareholders.

In a public company, an audit is compulsory. This enables the many shareholders of a public company to see how the company is doing financially. To determine if it is well managed.