Audited Financial Statements
/ˈɔːdɪtɪd fəˈnænʃəl ˈsteɪtmənts/
Definitions
- (n.) Financial statements of an entity that have been examined and verified by an independent auditor to ensure accuracy and compliance with accounting standards and legal requirements.
The company's annual report included the audited financial statements to assure investors of its fiscal integrity.
Forms
- audited financial statements
- audited financial statement
Related terms
See also
Commentary
Audited financial statements are critical in legal and financial contexts for providing credible, legally compliant financial disclosures; drafters should ensure reference to applicable auditing standards.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.