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What is difference between audited and unaudited balance sheet?
Wiki User
∙ 12y ago
i was looking for the same answer.... so9 here it goes..
A financial audit, or more accurately, an audit of financial statements, is the verification of the financial statements of an entity. The opinion is intended to provide reasonable assurance that the financial statements are presented fairly, in all material respects, and/or give a true and fair view in accordance with the financial reporting framework (the GAAS requirements)
AND
An unaudited financial statement is that which 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.
hope it helped clear the difference!!
:)
Wiki User
∙ 12y ago
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What is the difference between audited accounts and unaudited accounts?
the rough financial figure is called unauditted and financial figures audited by chartered accountants are called auditted
What is the difference between balance sheet and worksheet?
There is a difference between: Worksheet and Balance Sheet
Difference between outstanding balance and Statement Balance?
speelling
What is the difference between contingent liability and off balance sheet liability?
There is no difference between Contingent Liability and Off Balance Sheet Liability.
What is the difference between Actual balance and Available balance?
Actual balance is the real balance while avialable balance is the physical balance
What is the difference between audited accounts and unaudited accounts?
the rough financial figure is called unauditted and financial figures audited by chartered accountants are called auditted
What is difference between worksheet and balance sheet?
There is a difference between: Worksheet and Balance Sheet
What is the difference between balance sheet and worksheet?
There is a difference between: Worksheet and Balance Sheet
Difference between product modulator and balance modulator?
what is the difference between balance n product modulator
Difference between outstanding balance and Statement Balance?
speelling
What is the difference between contingent liability and off balance sheet liability?
There is no difference between Contingent Liability and Off Balance Sheet Liability.
What is the difference between Actual balance and Available balance?
Actual balance is the real balance while avialable balance is the physical balance
What does an auditor do if there is a material difference between an expected and actual balance?
However, if there is a material difference between the expected and actual balance, the auditor will investigate this difference further. At this point the auditor will develop an explanation for the difference.
What is the difference between the unadjusted trial balance and the adjusted trial balance?
The difference between adjusted and Un-adjusted trial balance is that in adjusted trial balance the items of balance sheet and income statement are randomly but in adjusted trial balance the items are in tabular form.
What is the difference between the balance of trade and the balance of payments?
the balance of trade is how much you receive the balance of payment is how much you pay
The difference between an asset account and its contra account balance is called?
net balance
What is the difference between a beam balance and a spring balance?
a beam balance measures mass while a spring balance measures weight
