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Re: robtewms post# 17504

Tuesday, 11/28/2017 12:10:27 PM

Tuesday, November 28, 2017 12:10:27 PM

Post# of 31087
Companies use unaudited financial statements for quarterly reports, sparing the expense of unneeded audits, but in practice, there is not much difference between audited and unaudited results. Pretty much every company required to produce an audited annual report uses unaudited financial statements for quarterly reports. Just because their auditors are in essence "reviewing" the numbers, they are still preparing for the eventual full year audit. Yes, you're right, the quarterly numbers will be unaudited, but really the statements are being prepared for an annual audit, which is why I refer to TMPS as having audited financial statements.

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