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INTERSTATES ANDEXCHANGECONEVIISSION Washington, D.C. 2054916013060OMB APPROVAL OMB Number, 32350123 Expires: March 31, 2016, Estimated average burden hours per response......12.00ANNUAL AUDITED REP
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01
Gather all relevant financial documents, including income statements, balance sheets, cash flow statements, and notes to the financial statements.
02
Review the financial documents to ensure they are accurate and complete.
03
Prepare supporting schedules and reconciliations for any significant items in the financial documents, such as accounts receivable or inventory.
04
Analyze the financial data to identify any significant trends or anomalies that should be addressed in the audited report.
05
Obtain a copy of the previous year's audited report for reference and comparison.
06
Consult with the auditors or accounting firm responsible for conducting the audit to understand their specific reporting requirements.
07
Organize the financial information and supporting schedules in a clear and logical manner.
08
Complete the required sections of the audited report, including the introductory information, management's responsibility section, auditor's opinion, and financial statements.
09
Review the completed audited report for accuracy and clarity, ensuring all necessary disclosures and explanations are included.
10
Obtain final approval from the appropriate management personnel before submitting the audited report.

Who needs nnual audited report?

01
Companies that are publicly traded on stock exchanges typically need to prepare annual audited reports.
02
Government agencies and nonprofit organizations may also be required to produce audited reports to ensure proper use of funds.
03
Lenders and creditors often request audited reports from businesses to assess their financial health and creditworthiness.
04
Investors and shareholders rely on audited reports to make informed decisions about their investments.
05
Regulatory bodies, such as the Securities and Exchange Commission (SEC), require certain companies to file audited reports to ensure compliance with financial regulations.
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Annual audited report is a financial report that is prepared by a company's external auditor to provide an opinion on the company's financial statements.
Public companies and certain private companies are required to file annual audited reports.
To fill out an annual audited report, companies need to provide their financial statements, notes to the financial statements, management discussion and analysis, and the auditor's opinion.
The purpose of an annual audited report is to provide assurance to stakeholders that the company's financial statements are accurate and reliable.
The annual audited report must include the company's balance sheet, income statement, cash flow statement, and notes to the financial statements.
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