Get to know about Unaudited financial statements. - PowerPoint PPT Presentation

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Get to know about Unaudited financial statements.


Unaudited and audited financial statements basic diffrence is covered in this PPt. if your company needs compilation of unaudited financial reports then visit our website or talk to our experts at (65) 6667 3158 – PowerPoint PPT presentation

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Title: Get to know about Unaudited financial statements.

Compilation of unaudited Financial Statements
  • Difference B/w Audited Unaudited Financial

  • What is Audited Financial statements?
  • What is Unaudited Financial statements?
  • Why Audited Financial Statements?
  • The Audit Process
  • Summary

What is Audited Financial statements?
  • A financial statements or report is called
    audited, when it is prepared in accord with
    generally accepted accounting principles
    guidelines. As we know in Singapore all companies
    have to provide their financial reports in which
    cash flow statements, balance sheet and income
    statements are included.
  • There is a guarantee and accuracy in the audited
    financial statements thats why it is also known
    as certified financial statements.

What is Unaudited Financial statements?
  • Unaudited financial statements or reports are
    just opposite from the audited. In this type of
    statement's there is lack of certification and
    accuracy, this is totally an independent
    verification and audit process.
  • The financial statements of any company remains
    unaudited until it is checked and verified
    through an external certified auditor.
  • Unaudited statements are also referred to as
    Compiled financial statements.

Why Audited Financial Statements?
  • There are various reasons for having an audited
    financial statements for any company in
  • According to ACRA, for transparency it is
    important for any business entity to submit their
    financial reports annually that offers stocks and
    bonds to the public.
  • Also, there are many other compelling reasons. An
    audited financial report
  • Ensures accountability
  • Provide reliability
  • Boost company credit rating
  • Growth of business value.

The Audit Process
  • The auditing process of financial statements for
    any business or company requires three
    fundamental things
  • A team of Expert and professional auditors
  • Split up work
  • Timing
  • The Audit process work on the following basis
  • Observation
  • Inventory counting
  • Shipping procedures

  • I hope you got your answer and clearly understand
    the basic difference b/w audited and unaudited
    financial statements. If you have any question or
    want to know more about the compilation of
    unaudited financial statements,
  • Visit our Website
  • https//
  • Or,
  • Say hello by dialling these numbers (65) 6667
  • You can also leave a message to our WhatsApp
    number (65) 9729 0371.
  • (Well respond within hours of your request.)
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