audited accounts

audited accounts
The financial statements of a company for each financial year (or accounting reference period) prepared in accordance with the Companies Acts and audited by a firm of accountants (Part VII Companies Act 1985).

Easyform Glossary of Law Terms. — UK law terms.

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  • audited accounts — ➔ account1 * * * audited accounts UK US noun [plural] ACCOUNTING ► a company s financial records that have been officially examined to check that they are accurate: »The company must submit fully audited accounts. »The committee will review the… …   Financial and business terms

  • accounts — A category of personal property defined by Article 9 of the UCC. Under the pre 2000 version of Article 9, an account is a right to receive payment for goods sold or leased, or for services rendered, where these rights are not evidenced by an… …   Financial and business terms

  • audited statements — The most reliable type of financial statements. The audit is based on information submitted by the client, and the CPA does not verify all of the information. Limits on the scope of the audit and on the CPA s responsibility are described in the… …   Financial and business terms

  • Audited — Audit Au dit, v. t. [imp. & p. p. {Audited}; p. pr. & vb. n. {Auditing}.] To examine and adjust, as an account or accounts; as, to audit the accounts of a treasure, or of parties who have a suit depending in court. [1913 Webster] …   The Collaborative International Dictionary of English

  • audited — au·dit || ɔːdɪt n. examination of financial accounts v. examine accounts; verify accounts …   English contemporary dictionary

  • Controller General of Accounts — This office was formed under an ordinance issued in 2001.Controller General of Accounts is the premier accounting office of the Government of Pakistan and has been entrusted with task of produce accurate and timely financial statements of the… …   Wikipedia

  • relevant accounts — The accounts that should be used to determine the amount of distributable profit of a company. These accounts are the most recent audited annual accounts of the company, prepared in compliance with the Companies Act. If the accounts are qualified …   Accounting dictionary

  • statutory accounts — Annual financial statements, which must be prepared, audited and filed by all companies at the Companies Registry (Part VII of the Companies Act 1985). There are modified requirements for dormant companies and small and medium sized companies… …   Law dictionary

  • Re Saul D Harrison & Sons plc — [1995] 1 BCLC 14, [1994] BCC 475, is a UK company law case on an action for unfair prejudice under s.459 Companies Act 1985 (now s.994 Companies Act 2006). It was decided in the Court of Appeal and deals with the concept of members of a business… …   Wikipedia

  • account — a record of a business transaction. When you buy something on credit, the company you are dealing with sets up an account . This means it sets up a record of what you buy and what you pay. You will do the same thing with any customers to whom you …   Financial and business terms

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