Read this article to know what is an audit and Is audit mandatory for All Companies, and what happens if a company fails to comply with audit requirements.
https://www.kcorptax.in/blog/what-is-an-audit-and-is-audit-mandatory-for-all-companies/
https://www.kcorptax.in/blog/what-is-an-audit-and-is-audit-mandatory-for-all-companies/
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