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Audited Statement

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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.


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Ed Wakefield advised that he had provided a package of information to members of council questioning the financial reports and business plan for the proposed Brant Cultural Centre, noting that he has been unable to obtain an audited statement from the Friends of Paris Culture.
Central will be "pretty close" to what the final audited statements will show.
The board revised the bylaws to permit the Society to satisfy the requirements that the members be informed of the Societies financial condition by posting the audited statements and auditors opinion on the PSA website.
 
 
 
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