Audited financial statement
An audited financial statement is any financial statement that a certified public accountant (CPA) has audited. When a CPA audits a financial statement, they will ensure that the statement adheres to general accounting principles and auditing standards. With this CPA verification, inventors and lenders may be confident that your statement is accurate [Business.com].
The auditor's statement is most valuable if it is unqualified, which means that the issuing entity complied with the applicable accounting framework (such as GAAP or IFRS) in all respects. If the statement is qualified, the auditor excludes certain aspects of the financial statements or the underlying information used to construct the statements [AccountingTools].
Audited financial statements definition. AccountingTools. Retrieved from: https://www.accountingtools.com/articles/audited-financial-statements
Freedman, Max. (2022). What Is an Audited Financial Statement? Business.com. Retrieved from: https://www.business.com/articles/audited-financial-statement/