Any company that wants to present its financials to investors or lenders for a certain objective should prepare audited financial statements. Usually, the decisions of potential funders for a company depends on the audited financial statements. The unaudited ones can be inaccurate. Furthermore, companies that are publicly traded also need to prepare annual audited financial statements. You still can regularly generate unaudited ones throughout the year if they help you assess your finances even if your company is not mandated by federal regulatory bodies to file audited statements.