In Australia, all of the following are required to have an annual audit, except:
A) not-for-profit organisations
B) statutory authorities
C) small proprietary companies
D) all of the above are required to have an annual audit with no exceptions

Question

Quizplus · Accepted Answer

In Australia, small proprietary companies are generally not required to have an annual audit unless they are controlled by a foreign company or the Australian Securities & Investments Commission (ASIC) has directed them to do so due to public interest concerns. Not-for-profit organisations and statutory authorities typically have specific requirements for annual audits based on their legal status and regulatory framework.

In Australia, All of the Following Are Required to Have