Auditor's Statement

Auditor's statement

Every company must have their year end financial statement audited by a certified public accountant that is also “independent” to the company. The year end report for a public company is called the 10-K report. In the report one can see the balance sheet and income statement as well as other important details which management felt necessary to include. The annual report has a “going concern” section where it describes the auditor’s opinion of the financial statements. Important details include the companies financial statements are “described fairly” and “in conformity with GAAP”.