I know in listed companied, it’s mandatory for audir committee ti be there but for non listed, it’s not mandatory. But usually, do they also have audit committee ?
I think it’s mostly a matter of size of company and jurisdiction – in the US for example, shortly after SOX, it was reported that 80% of private companies had an audit committee. I think that would be a much smaller % in the UK because the proportion of private companies is huge and, given the “small companies regime”, companies that don’t even require an audit are hardly going to need or benefit from an audit committee. You would need to browse the internet for more information/find specific examples.