financialstatement

A financial statement audit proposal is an audit or verification of the financial statements of a company along with the presentation of an audit opinion. Although companies have internal auditors, financial statement audits are usually performed by external accounting firms who specialise in auditing. The audit opinion given after the auditing process is over serves as an assurance that the statements are fair and there is no corrupting of any of the numbers mentioned there. This way the shareh...

A financial statement proposal is a document which quantitatively presents the financial situation of the company by giving a summary of the different financial aspects of the business operations. The various documents or points mentioned in a financial statement proposal includes the income statement, the balance sheet, the cash flow statement, changes in net worth which describes the financial health of a company in a particular quarter or a financial year. The proposal must lay down the purpo...