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Unaudited Statement

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Unaudited Statement
A financial statement that an auditor has prepared, but not according to the Generally Accepted Auditing Standards (GAAS). Auditors preparing unaudited statements are required to issue a disclaimer stating that they are not rendering opinions and that the statement does not abide by the GAAS. Unaudited statements are subject to less rigorous standards than audited statements and, as such, are more prone to errors.

unaudited statement
A financial statement prepared by an auditor but not in accordance with generally accepted auditing standards. Unaudited statements are prepared to less rigorous standards than audited statements. Compare audited statement.


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Disabled American Veterans National Headquarters Unaudited Statement of Financial Position * June 30, 2005 Unrestricted Assets Current Assets $31,961,053 investments, at market 250,329,366 Land, buildings and Equipment, Net of Depreciation 12,325,859 Total Unrestricted Assets $294,616,278 Life Membership Assets Current Assets $6,845,700 Investments, at Market 53145679.
AT LEAST ONE COMPANY IS offering unaudited statements in different countries' accounting standards, taking advantage of the Internet's international nature.
Accordingly, there is intense competition between the CPA and the unlicensed accountant over the preparation of unaudited statements, e.
 
 
 
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