What are You Getting? Financial Statements
• Internal Financial Statements– Prepared by Management • Compiled Financial Statements– Prepared Externally
• Reviewed Financial Statements • Audited Financial Statements
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Opinion Types Audit Engagement
• Unmodified (a clean bill) • Qualified (with some reservation) • Adverse (financials are not presented in accordance with GAAP) • Disclaimer (unable to form an opinion)
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