audited statement

(redirected from Audited Statements)

Audited Statement

A financial statement that an auditor has prepared according to the Generally Accepted Auditing Principles (GAAP). Audited statements are subject to more rigorous standards than unaudited statements and, as such, are less prone to errors. An audited statement should not be confused with an auditor's opinion.

audited statement

A financial statement that is prepared according to generally accepted auditing standards. Compare unaudited statement.
References in periodicals archive ?
In the context of the firm's Corporate Social Responsibility plan, Baker Tilly in South East Europe has been supporting the EV-ZO Association on an annual basis, by preparing the Association's audited statements, free of charge.
7 billion and a net income of P269 million based on its audited statements for the three-month period ending March 31, 2016.
Some local and state governments also provide increased work and project award capacity to construction companies with audited statements.
The Company expects to have the audited statements filed in the next 2 to 3 weeks.
Before the passage in 2013 of the First Nations Financial Transparency Act (FNFTA), relevant audited statements of First Nations were hard to obtain, if indeed they were publicly available.
The Canadian court likewise required Apple to release its marketing strategies and pricing plans, as well as quarterly audited statements showing revenues and profits.
The Cabinet discussed a memorandum presented by the Finance Minister on the audited statements of the Future Generation Reserve account for the fiscal 2012, which put the final account for the reserve at $345,517,960.
485 billions under Tameer-i-Pakistan Programme to various departments without obtaining audited statements during 2002-2005.
Certified or audited statements reduce the perceived risk that a buyer associates with the accuracy of financial reporting since the CPA firm preparing the audited statement is certifying as to its accuracy, that financial records have been maintained in form and substance adequate for preparing audited statements in accordance with GAAP (Generally Accepted Accounting Principals) and it has conducted a certain level of due diligence.
The Board also approved the final audited statements for the CBO and Deposit Guarantee Fund as of December 31st 2010.
Central will be "pretty close" to what the final audited statements will show.
Reviewed statements are viewed as higher quality than compiled, and audited statements are viewed to be of higher quality still.