An audit which is compulsory by the law is:

🧠 Explanation:

A statutory audit is compulsory by law, ensuring financial accountability. Knowing this helps students and business enthusiasts understand auditing practices. Statutory audits are key for studying accounting or business in school. Learning this helps with projects or exploring financial oversight. It’s useful for business classes, making it relevant for understanding compliance. Knowing this audit type helps students grasp its importance, ensuring better comprehension for academic work or general knowledge about financial regulations.