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.
References in periodicals archive ?
If financial accounts for the year 2012-13 are not audited then the bidder should provide balance sheet for the years 2009-10 also, along with unaudited statements for 2012-13.
The unaudited statements made official what the entire industry has known for weeks: a GAAP-required $1.
Requiring schools to provide audited financial statements rather than unaudited statements.
AT LEAST ONE COMPANY IS offering unaudited statements in different countries' accounting standards, taking advantage of the Internet's international nature.
To meet the two-year deadline for the annual accountability report, the committee suggested developing a plan that includes "issuing unaudited statements for fiscal-year 1992" and improving other internal controls.
As of December 31, 2011, the Company's audited Consolidated Balance Sheet reported total stockholders' equity of approximately $9,078,000, an increase of approximately $2,005,000 as compared to the Company's previously announced unaudited statements.
RRRI) is available on our "News Release" page, including the Consolidated Unaudited Statements of Income-Tax Cash Basis Reporting for the twelve months which ended December 31, 2014.
However, only 11% require prospective borrowers to submit annual audited financial statements, with 54% of the bankers reporting that 90% or more of their customers submit unaudited statements.
The financed schools generated a combined positive margin in 2010 and unaudited statements forecast another surplus for fiscal 2011.
The unaudited statements were prepared and presented by management.
5 billion in total operating revenue for fiscal year 2006, based on internally generated unaudited statements.