What is unaudited Account

usmanfarrukh · Post by **usmanfarrukh** » Mon Oct 14, 2013 11:54 pm

Please help me gurus & others. Are they based on company information, director's report, Accountants report & notes to the account? Please guys help me .

wazobia · Post by **wazobia** » Tue Oct 15, 2013 8:02 am

usmanfarrukh wrote:Please help me gurus & others. Are they based on company information, director's report, Accountants report & notes to the account? Please guys help me .

An audited account is when the accounts of your company (i.e. your monies in and out, your credits and debits, basically the financials of your company) have been checked, by an appropriate person / organisation (Accountants usually) in order to confirm they are what you say they are. An unaudited account is the opposite.

For example, if you prepare a set of accounts that claim you have a revenue of 500,000, with 100,000 in the bank, you have spent 300,000 on business, and 100,000 on expenses, that is an unaudited account until it is checked by appropriate body.

If you have an accountant, ask him/her.

SJ555 · Post by **SJ555** » Tue Oct 15, 2013 4:17 pm

Make sure it is with accountants report by qualified accountant ICAEW/ACCA

Legal83 · Post by **Legal83** » Tue Oct 15, 2013 7:34 pm

consult your accountant.

usmanfarrukh · Post by **usmanfarrukh** » Wed Oct 16, 2013 10:18 am

Thanks guys . But do I need unaudited accounts as I'm fresh applicant ? Under £50 K

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What is unaudited Account

What is unaudited Account

Re: What is unaudited Account