Certified financial statements

Certified financial 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.
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Schwarzenegger recently signed into law and which goes into effect on January 1, 2005, requires nonprofits with revenue greater than $2 million to obtain certified financial statements.
These risks include, but are not limited to, the effect on the Company of ongoing internal reviews, external inquiries, and class action litigation pertaining to its reported financial results, the ability of the Company to obtain certified financial statements, to file required annual and quarterly reports, the ability of the Company to grow internally or by acquisition and to integrate acquired businesses, changing industry and competitive conditions, and other risks referred to in the Company's registration statements and periodic reports filed with the Securities & Exchange Commission.
Payments to corporations that are subject to SEC reporting requirements and thereby have independent, certified financial statements.
On March 30, 2004, the Company announced that the delay in obtaining certified financial statements had resulted in non-compliance with the reporting requirements under certain of the Company's debt agreements.
Failure to file certified financial statements by the end of the grace period would most likely result in further negative rating actions.
This document includes background information on the Company and its management team, a description of its products and operations, as well as management's certified financial statements for Spooz.
These risks include, but are not limited to, the effect on the Company of ongoing internal reviews, external inquiries, and class action litigation pertaining to its reported financial results, the ability of the Company to obtain certified financial statements, to file required annual and quarterly reports, and to retain an exchange listing, the ability of the Company to grow internally or by acquisition and to integrate acquired businesses, changing industry and competitive conditions, and other risks referred to in the Company's registration statements and periodic reports filed with the Securities and Exchange Commission.
2) In the past, consideration has been given to exceptions based on other criteria, such as whether the payee is a publicly held company or has certified financial statements, either of which would reduce if not eliminate the likelihood of significant amounts of unreported income.
DPL said that the delay in obtaining certified financial statements constitutes an event of default under its term loan and revolving credit facilities.
27x for class E, utilizing borrower certified financial statements and a hypothetical mortgage constant of 9.
After March 9, 2000, PLFM will begin trading on the National Quotation Bureau's Electronic Trading System, and remain in this venue until: (i) the SEC compliance audit is finished and PLFM Certified Financial Statements are completed; (ii) Form 10SB is filed with the SEC; (iii) SEC Comments are satisfactorily responded to; and (iv) PLFM is approved for relisting on the Bulletin Board at a date set by the NASD.
26x for class E, utilizing borrower certified financial statements through the third quarter 1996 and a hypothetical mortgage constant of 9.
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