RemingtonRules
Well-known member
- Joined
- Aug 11, 2016
- Messages
- 258
Just because they are private does not mean they are not audited. Most banks require it for lending. Ask me how I know.The vast majority of private companies are closely held and while they may have external audits for some purposes the results of those audits are not public and many are not required to have audits. Based on numbers in 2024 87% of all companies with >100M of revenue are private.