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TOWN OF BETHLEHEM INDUSTRIAL DEVELOPMENT AGENCY FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION DECEMBER 31, 2014, AND 2013TOWN OF BETHLEHEM INDUSTRIAL DEVELOPMENT AGENCY TABLE OF CONTENTS DECEMBER
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01
Start by obtaining the necessary financial documents for the year 2014, including income statements, balance sheets, cash flow statements, and supporting schedules.
02
Review the financial data and make sure it is accurate and complete. Cross-check the information with relevant records and calculations.
03
Ensure that all financial transactions and activities for 2014 are properly recorded and classified according to generally accepted accounting principles (GAAP).
04
Calculate financial ratios and metrics based on the financial data to analyze the company's performance and financial health.
05
Prepare the audited financial statements by organizing and presenting the financial information in a clear and understandable format.
06
Engage a certified public accountant (CPA) or an auditing firm to perform an independent audit of the financial statements.
07
Provide the CPA or auditing firm with all the necessary documents and information they require to conduct the audit.
08
Cooperate with the auditors during the audit process and address any inquiries or requests for additional information.
09
Review the audited financial statements once they are completed and ensure they accurately reflect the financial position and performance of the company for the year 2014.
10
Submit the audited financial statements to relevant stakeholders, such as shareholders, regulatory authorities, lenders, and potential investors, as required.

Who needs 2014 audited financial statements?

01
Publicly traded companies are typically required by law to provide audited financial statements to their shareholders and regulatory authorities.
02
Private companies that are seeking external funding or loans may need to provide audited financial statements to lenders or investors as part of the due diligence process.
03
Government entities may require audited financial statements for transparency and accountability purposes.
04
Non-profit organizations may need audited financial statements to demonstrate proper use of funds and compliance with grant requirements.
05
Some professional organizations and industry associations may require audited financial statements as a condition of membership or accreditation.
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Audited financial statements are financial reports that have been examined and verified by an independent auditor to ensure accuracy and compliance with accounting standards.
Publicly traded companies, some privately held companies, and non-profit organizations are typically required to file audited financial statements.
Audited financial statements are prepared by the company's accounting department and then reviewed and verified by an independent auditor.
The purpose of audited financial statements is to provide stakeholders with a reliable and accurate representation of a company's financial health and performance.
Audited financial statements typically include a balance sheet, income statement, cash flow statement, and notes to the financial statements.
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