Question

is auditing compulsory for every business

Answer 1

$\huge\bold{\mathbb{\purple{♡A{\pink{N{\green{S{\blue{W{\red{E{\orange{R♡}}}}}}}}}}}}}$

According to me yes,

Because in this 21st century,most of the companies

are financial statements audited.

And also most of the companies have an audit committee.

(but not all because the Companies Act (the Act) provides for a new classification of companies.

(So ya that was my openion I hope this may helps u)

THANK YOU!