Answer / saurabh

Well it depends on the type of audit.
like Statutory audit
Statutory audit is done to make a opinion whether the
financial statements given my managment are providing true
and fair view.

Answer / lxmi1972

Unless the Financial statements are audited, te share
holders can not be assured of the accuracy ,quality of the
information,data and hence they will not be able to decide
about the company if they wish to invest in the
company.Hence professional verification and validation of
data, system,quality,control,check will have to be in place
and he is the one who is so called "Auditor" and "Audit" is
a mandatory for every Limited Companies.

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