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PVI OMB APPROVAL OMB Number: 32350123 Expires: March 16, 2017, Estimated average burden hours per response.... 12.0017005929ANNUAL AUDITED REP OK I FORM X17A5 PART III SEC FILE NUMBER867143FACING
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01
Gather all the necessary financial documents, such as income statements, balance sheets, and cash flow statements.
02
Review the financial documents and ensure they accurately reflect the company's financial performance for the year.
03
Prepare supporting schedules and reconciliations for any significant amounts reported in the financial statements.
04
Analyze the financial statements and identify any potential errors or inconsistencies.
05
Engage an external auditor or accounting firm to conduct the audit.
06
Provide the auditor with all the necessary documentation and access to company records.
07
Cooperate with the auditor during the audit process and address any inquiries or requests for additional information.
08
Review the draft audited financial statements prepared by the auditor and provide any necessary clarifications or amendments.
09
Obtain the final audited financial statements from the auditor.
10
Use the audited financial statements for reporting purposes, such as filing tax returns or providing financial information to stakeholders.

Who needs annual audited repok i?

01
Annual audited reports are primarily required by regulatory bodies and government agencies.
02
Publicly traded companies are mandated by securities regulations to submit audited financial statements.
03
Financial institutions, such as banks or lenders, may require audited financial statements to assess a company's creditworthiness.
04
Investors and shareholders often rely on audited financial statements to evaluate the company's financial health and performance.
05
Non-profit organizations may need audited reports to demonstrate transparency and compliance with funding requirements.
06
Companies seeking potential merger or acquisition opportunities may need audited financial statements for due diligence purposes.
07
Certain industry associations or professional bodies may require audited reports as part of membership or certification requirements.
08
Some internal stakeholders, like the board of directors or management, may request audited financial statements for internal decision-making and governance purposes.
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The annual audited report is a comprehensive financial statement that an organization prepares at the end of its fiscal year, audited by an independent auditor to ensure accuracy and compliance with accounting standards.
Typically, companies that are publicly traded or those that meet certain regulatory criteria are required to file an annual audited report.
To fill out an annual audited report, organizations need to gather financial statements, prepare notes on the financial statements, ensure compliance with relevant accounting standards, and submit the report to the appropriate regulatory body after it has been audited.
The purpose of the annual audited report is to provide a transparent and accurate overview of the organization's financial health for stakeholders, including investors, regulators, and the public.
The report must include the balance sheet, income statement, cash flow statement, notes to the financial statements, and the auditor's opinion on the financial statements.
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