Audited Financial Statements

An auditor examines a companys financial data and reporting methods to determine accuracy and compliance with generally accepted accounting principles.

Audited financial statements. Audited financial statements usually include a document that is referred to as an opinion. It is the responsibility of the accountant to provide either an unqualified opinion or a qualified opinion. Public companies are obligated by law to ensure that their financial statements three financial statements the three financial statements are the income statement the balance sheet and the statement of cash flows. Specific to credit card inquiries please email us at email protected.

A companys financial statements which have been prepared and certified by a certified public accountant the auditor. The auditor attaches a letter with the compilation report stating that the financial statements are the representation of the management and have not been audited or reviewed and the accountant. A financial statement audit is the examination of an entitys financial statements and accompanying disclosures by an independent auditorthe result of this examination is a report by the auditor attesting to the fairness of presentation of the financial statements and related disclosures. An unqualified opinion basically states that in reviewing the documents submitted by the organization the accountant is in agreement with the methods used to prepare those documents.

If these meet acceptable standards the auditor attaches a. Download financial statements pdf 334kb did you find this page useful. Audited and unaudited financial statements contain the same types of financial information. Audited unaudited financial statements.

The purpose of the independent audit is to provide assurance that the. For financial years starting on or after 1 jul 2015 dormant companies and companies that meet the small company criteria 1 are not required to audit their financial statementsthis is provided for under the companies act. Security bank corporation is supervised by the bangko sentral ng pilipinas 632 8708 7087 email protected. An auditor can have an unqualified opinion in which he or she agrees with how the company.

Accounting and corporate regulatory authority. These three core statements are intricately are audited by a registered cpa. A financial audit is conducted to provide an opinion whether financial statements the information being verified are stated in accordance with specified criterianormally the criteria are international accounting standards although auditors may conduct audits of financial statements prepared using the cash basis or some other basis of accounting appropriate for the organisation.