audited statement

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 ?
The Board of Directors have pleasure in presenting the Bank's Annual Report along with the audited statement of accounts and the cash flow statement for the year ended 31st March 2018.
The SAPM, in a statement, said from 2012 onwards, Geo had not submitted their accounts to Pakistan Electronic Media Regulatory Authority (PEMRA), which was a requirement for all licensees as per law, nor they had they submitted audited statement of accounts with the Security Exchange Commission of Pakistan (SECP), both were regulators.
In addition to the audited statement of NCB / LC; BCMs shall continue to submit monthly statement of Net Capital balance (NCB) and Liquid Capital (LC) with securities exchange and clearing house as per Regulation 6.3.
Athabasca Chipewyan First Nation did not file its financial audited statement with AANDC.
The audited statement of account relating to transfer of this amount to the equity of DMRC shall be furnished to Urban Development Ministry after the close of financial year with a certificate that the amount has been utilised for the purpose it was sanctioned, the official added.
The Task Force Committee, which is headed by Imtiaz Gillani, Vice Chancellor, University of Engineering and Technology, Peshawar, will submit Audited Statement of Accounts of Expenditure.
CoGS, at its spring meeting March 14 to 17, did not discuss the budget, pending an audited statement.
The meeting approved the audited statement and recommended the distribution of $0.05 per share for the total of 1,081,637,634 group shares.
For purposes of tabling in Parliament, every year the Council submits to the Minister of Health and Social Services a report of its activities during such financial year, together with a copy of the audited statement and the balance sheet in respect of the financial year concerned.
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.
Tabreed's current liabilities exceeded assets by Dh2.6 billion as of March 31 and accumulated losses of Dh972 million amounted to 400 per cent of the issued share capital, according to the company's audited statement.
Each company submitted a letter or audited statement from their CPA to verify their total volume of sales.