Does every company must have an auditor?

Not every company is required to have an auditor; the necessity largely depends on the jurisdiction and the size or type of the company. For instance, publicly traded companies typically must undergo regular audits to ensure transparency and compliance with regulations. However, small private companies may not be legally mandated to have an auditor unless they meet specific criteria, such as revenue thresholds or shareholder requirements. Therefore, it's essential to check local laws and regulations to determine an individual company's auditing requirements.