Why do molex have to hire an external auditor?

Molex may need to hire an external auditor to ensure compliance with financial regulations and accounting standards, providing an independent assessment of their financial statements. An external audit enhances credibility with stakeholders, including investors, customers, and regulators, by verifying the accuracy and reliability of financial reporting. Additionally, it can help identify potential areas for improvement in internal controls and operational efficiency. Overall, an external audit supports transparency and builds trust in the company's financial practices.