Review of financial statements definition

Review of financial statements means performing inquiry and analytical procedures which provide a reasonable basis for expressing limited assurance that there are no material modifications that should be made to the statements in order for them to be in conformity with generally accepted accounting principles or, if applicable, with another comprehensive basis of accounting; and, the issuance of a report on the financial statements stating that a review was performed in accordance with the standards established by the American Institute of Certified Public Accountants.
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Review of financial statements means performing inquiry and analytical
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Review of financial statements means providing a service in accordance with the Statements on Standards for Accounting and Review Services (SSARS) in which the accountant obtains limited assurance as a basis for reporting whether the accountant is aware of any material modifications that should be made to the financial statements for them to be in accordance with the applicable financial reporting framework, primarily through the performance of inquiry and analytical procedures.
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Examples of Review of financial statements in a sentence

  • Review of financial statements before they are submitted to the Board for adoption.

  • Review of financial statements, in particular the investments made by the unlisted subsidiary.

  • Review of financial statements and any auditor proposed adjustments.

  • IAC 7/9/14 Iowa Finance Authority[265] Ch 41, p.5 41.11(2) Review of financial statements.

  • RAMA BRAHMAMC.R. DAS GUPTAP.R.K. MENOND.B. PURI Rupees (a) Subsidiary’s fixed assets(—)31,898(b) Its investments —(c) Moneys lent by it(—)1,00,32,011(d) Moneys borrowed by it for any purpose other than that of meeting itscurrent liabilities.

  • The terms of reference of the Committees are summarized below, in addition to the record of directors’attendance:Board Committees – Terms of Reference/Attendance at MeetingsFinance & General Purposes Committee: Review of financial statements, and monitoring of financial plans.

  • Review of financial statements and approval of statements by the council.

  • Audit of financial statements ....................................................................................Review of financial statements ................................................................................Other services ...........................................................................................................

  • Review of financial statements and investment of unlisted subsidiary companies.

  • Build capacity of the proposed Inspection Commission to put in place arrangements for monitoring and enforcement of accounting and auditing standards; Audit practice review Review of financial statements Investigation.


More Definitions of Review of financial statements

Review of financial statements means providing a service in accordance with
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Review of financial statements shall be defined as means those financial statements prepared reviewed by an
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Review of financial statements means performing inquiry and analytical procedures which provide a reasonable basis for expressing limited assurance that there are no material modifications that should be made to the statements in order for them to be in conformity with generally accepted accounting principles or, if applicable, with another comprehensive basis of
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Review of financial statements shall be defined as means those financial statements prepared reviewed by an independent accountant, and shall include at least the following:
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Related to Review of financial statements

  • Interim Financial Statements has the meaning set forth in Section 3.06.

  • Audited Financial Statements means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2017, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto.

  • Target Financial Statements has the meaning set forth in Section 3.4(a).

  • Financial Statements has the meaning set forth in Section 3.06.

  • Financial Statement has the meaning set forth in Section 4(g) below.

  • Year-End Financial Statements has the meaning specified in Section 4.5.

  • Unaudited Financial Statements has the meaning set forth in Section 3.4(a).

  • Company Financial Statements has the meaning set forth in Section 3.6(a).

  • Monthly Financial Statements is defined in Section 6.2(c).

  • Seller Financial Statements has the meaning set forth in Section 3.5(a).

  • Buyer Financial Statements has the meaning set forth in Section 4.7.

  • Audited financial statement means a financial statement audited by an outside accounting firm.

  • Historical Financial Statements means as of the Closing Date, (a) the audited consolidated balance sheets and related statements of income and cash flows of the Borrower for the Fiscal Years ended December 31, 2019 and December 31, 2020 and (b) the unaudited consolidated balance sheets and related statements of income and cash flows of Holdings for each fiscal quarter (other than the fourth fiscal quarter) ended after the most recent fiscal year of Holdings and at least forty-five (45) days prior to the Closing Date.

  • Financial Statements Date shall have the meaning ascribed to it in Section 3.7.

  • Company Audited Financial Statements has the meaning set forth in Section 3.11.

  • Interim Statements means the quarterly financial statement of any insurance company as required to be filed with the Department, together with all exhibits or schedules filed therewith, prepared in conformity with SAP. References to amounts on particular exhibits, schedules, lines, pages and columns of such interim statements are based on the formats promulgated by the NAIC for 2012 interim statements for the applicable type of insurance company. If such format is changed in future years so that different information is contained in such terms or they no longer exist, it is understood that the reference is to information consistent with that recorded in the referenced item in the 2012 interim statement of the insurance company.

  • Statutory Financial Statements means, with respect to any Party, the annual and quarterly statutory financial statements of such Party filed with the Governmental Authority charged with supervision of insurance companies in the jurisdiction of domicile of such Party to the extent such Party is required by Applicable Law to prepare and file such financial statements.

  • Quarterly Financial Statements is defined in Section 6.2(a).

  • Annual Financial Statements has the meaning set forth in Section 3.06.

  • Parent Financial Statements has the meaning set forth in Section 4.6(a).

  • Initial Financial Statements means, collectively, (a) the audited annual consolidated financial statements of the Borrower dated as of December 31, 2014 and (b) the unaudited quarterly consolidated financial statements of the Borrower dated as of September 30, 2015.

  • Pro Forma Financial Statements shall have the meaning set forth in Section 5.5(b) hereof.

  • Closing Financial Statements has the meaning set forth in Section 6.22.

  • Financial Statement Date has the meaning set forth in Section 4.05 hereof.

  • Most Recent Financial Statements has the meaning set forth in Section 4(g) below.

  • Company Interim Financial Statements has the meaning specified in Section 4.08(a).