Is an audit required?
Last updated: Nov 11, 2026, 13:29 (UTC+08:00)
No. The IBC Act requires accounting records, not an audit. Every IBC except a holding company that is not a large company prepares an annual financial summary and keeps it at the registered office within 6 months of year end. If accounting records are kept abroad, they are lodged at the registered office at least twice a year.