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Who is responsible for signing the statement of financial position?

The directors must sign and date the financial statements before or on the same day the audit report is signed and dated. The directors who sign the financial statements must be current directors at the date of signing. Financial statements cannot be signed by anyone other than a director.

What two things should be on a personal financial statement?

A personal financial statement is simply a document that shows your assets and liabilities in detail. Usually, it has two sections: a balance sheet section and an income flow section. This statement is split into two main components: assets and liabilities.

How do you verify financial statements?

Verifying financial statements is possible in several ways. Request audited financial statements signed by a certified public accountant. Further investigation of the financial statements is still necessary, but starting with audited statements offers initial verification. Ask for bank statements to verify deposits.

Can anyone prepare financial statements?

Oftentimes, the certified public accountant (CPA) who performs your general accounting and/or bookkeeping and prepares your annual tax return can also prepare your financial statements and, in addition, perform the appropriate service in order to meet your bank's requirements.

What are verified financial statements?

Key Takeaways. A certified financial statement has been audited for accuracy by an independent accountant. A compiled statement may provide investors with useful information but it has not been audited. The quarterly and annual reports issued by public companies are certified financial statements.

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