InvestorsHub Logo
Followers 23
Posts 390
Boards Moderated 0
Alias Born 03/17/2013

Re: Milesblue42 post# 102993

Tuesday, 04/15/2014 3:57:04 AM

Tuesday, April 15, 2014 3:57:04 AM

Post# of 148373
Unfortunately people use the term Auditor/Accountant interchangably.
This is easy to do if you are using your "Auditor" to prepare your interim (non-annual) financial statements. Although an "Auditor" will so reference it's report as audited, whereas interim statements will be referred to as unaudited. Their clients will refer to "the auditors". Whereas the auditors will refer to themselves as accountants when preparing unaudited financial statements. They're the same people, just doing different jobs. I'm not trying to go in circles on this. Rather, just trying to point out that it really should not make a great deal of difference to financial statement readers if it is an interim statement, i.e. First Qrtr Stmt. You seemed very concerned about it. I don't think it makes a diddley squats worth of difference.