أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
I don't think so. Effective audit reports are important for any company.
Private companies do also have stakeholders like owners and bankers. These companies also need to follow the laws of the land like taxation, zakat etc. The private companies audit report is also relied upon by prospective clients. I hope this makes my point.