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runandadd

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runandadd

Re: be_real post# 153394

Tuesday, 06/17/2014 8:08:24 AM

Tuesday, June 17, 2014 8:08:24 AM

Post# of 157299
The quarterly or annual financial statements follow Generally Accepted Accounting Principles, unless specifically stated that they do not.

It does not matter if the financials are audited or not. The "audit" is a level of attest service and procedures that an independent accountant applies to the financial statements so that the reader of them has the appropriate level of assurance that the figures are accurate. It should not change the basic method how figures are presented.
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