Why must the annual financial statements of listed companies be audited?

The financial statements of listed companies are compiled by the management. Shareholders, creditors and other stakeholders who do not participate in the daily management of the company do not know the authenticity of the financial statements. Therefore, it is necessary for certified public accountants to audit the financial statements of listed companies through professional processes and procedures, and submit the audit results to the shareholders and creditors of the company in the form of audit reports, so as to reasonably ensure that there are no major misstatements caused by errors or fraud in the financial statements.