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Arguments Against Audit Exemption for Small Companies

  • Owners of a company who are not involved in the management of the company derive value from a third party opinion on the truth and fairness of the company’s financial statements.

  • Accounts that are audited give the company a stamp of credibility and results in less hassle in taking up loans with banks, disposing off the business, and better able to attract investors.

  • Helps the management to make better decisions.

(Please refer to paragraph 4 below on small company concept for audit exemption​)

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