Being audited can show your business is acting in a compliant manner and helps you win the confidence of investors. It also gives you a chance to assess the efficiency of your controls and processes. Legislative changes over the years have meant that your business may not legally be required to have an audit carried out. However, for some businesses such as PLCs, it is a legal requirement to have an audit carried out whether they meet the above criteria or not. Even if you’re not legally obliged to have an audit carried out, it could still be beneficial to be audited.