We are dedicated to providing top-notch financial services with a personal touch. Let us guide you towards financial success!

Services

we service personal, start-ups and large hedgefund companies
ensuring accuracy and reliability.
maximizing financial potential.

What Is a Certified Financial Statement?

A certified financial statement is a financial document, such as an income statement, cash flow statement, or balance sheet, that an accountant has audited and signed off. Once an auditor has reviewed the details of a financial statement following GAAP guidelines and is confident the numbers are accurate, they certify the documents.

Certified financial statements are essential to the checks and balances of financial reporting. They increase analysts' confidence that they are getting reliable information on which to base their valuations.

Key Takeaways

Certified financial statements are financial statements audited and certified by external, independent accountants.

The three most common financial statements are the balance sheet, income statement, and statement of cash flows.
Publicly traded companies are required to have certified financial statements.
The Sarbanes-Oxley Act of 2002 sets standards for external, independent auditors and requires that they submit an Internal Controls Report with certified financial statements.

Understanding Certified Financial Statements

A certified financial statement is a financial document audited and signed off on by a certified, independent auditor. It is issued with an audit report, the auditor's written opinion about the financial statements. The audit report can highlight key discrepancies and detail suspected fraud.

Certified financial statements are required for publicly traded companies as they play an essential role in the financial markets. Companies may employ internal auditors to review financial statements. However, they can only be certified by an external auditor, who is either a Certified Accountant (CA) or a certified public accountant (CPA).

Investors demand assurance that the documents they rely upon to make investment decisions are accurate and have not been subject to any material errors or omissions by the company that compiled them. Therefore, a company's certified financial statement should be clear and accurately account for its financial performance.

Learn More