Certified Financial Statement

DEFINITION of 'Certified Financial Statement'

A financial statement, such as an income statement, cash flow statement or balance sheet, that has been audited and signed off on by an accountant. Once an auditor has fully reviewed the details of a financial statement following GAAP guidelines and is confident the numbers reported within it are accurate, they certify the documents.

BREAKING DOWN 'Certified Financial Statement'

Certified financial statements play an important role in the financial markets. Investors demand assurance that the documents they rely upon to make investment decisions are accurate and have not been subject to any material errors or omissions by the company that compiled them.

RELATED TERMS
  1. Financial Statement Analysis

    The process of reviewing and evaluating a company's financial ...
  2. Comparative Statement

    A statement which compares financial data from different periods ...
  3. Financial Statements

    Records that outline the financial activities of a business, ...
  4. Footnotes To The Financial Statements

    Additional information provided in a company's financial statements. ...
  5. Statement Of Retained Earnings

    A financial statement outlining the changes in retained earnings ...
  6. Common Size Income Statement

    An income statement in which each account is expressed as a percentage ...
Related Articles
  1. Professionals

    Financial Statements

    Financial Statements
  2. Professionals

    Financial Statements

    Financial Statements
  3. Investing Basics

    12 Things You Need To Know About Financial Statements

    Discover how to keep score of companies to increase your chances of choosing a winner.
  4. Investing Basics

    What are Financial Statements?

    Financial statements are a picture of a company’s financial health for a given period of time at a given point in time. The statements provide a collection of data about a company’s financial ...
  5. Professionals

    The Auditor and Audit Opinion

    CFA Level 1 - The Auditor and Audit Opinion. Learn about the role and responsibility of the auditor. This outlines what is occurs in an audit and the requirements for a qualified opinion.
  6. Professionals

    The Cash Flow Statement

    CFA Level 1 - The Cash Flow Statement. A brief introduction to the relationship between cash flow and financial statements. Provides a flow chart highlighting the relationship.
  7. Investing Basics

    Explaining Financial Statement Analysis

    Financial statement analysis is the process of reviewing a company’s statements to gain an understanding of its financial health.
  8. Professionals

    The Relationship Between Financial Statements

    Financial statements are used together for many reasons - find out how they interact.
  9. Professionals

    Financial Accounting

    Financial accounting is the process of gathering, recording, summarizing and reporting financial data relating to a business. The ultimate goal is to accurately report the financial picture and ...
  10. Markets

    Fundamental Analysis: Other Important Sections Found in Financial Filings

    By Ben McClureThe financial statements are not the only parts found in a business's annual and quarterly SEC filings. Here are some other noteworthy sections: Management Discussion and Analysis ...
RELATED FAQS
  1. What is the difference between a compiled and a certified financial statement?

    All publicly-traded companies are required to provide financial statements, including a balance sheet, cash flow statement ... Read Answer >>
  2. How are the three major financial statements related to each other?

    Learn why investors analyze a company's financial statements, and how the income statement, balance sheet and cash flow statement ... Read Answer >>
  3. What is the difference between a cash flow statement and an income statement?

    Learn how a cash flow statement measures the sources and uses of a company's cash, while an income statement measures a company's ... Read Answer >>
  4. Which financial accounting statement contains information on a company's net sales?

    Find out which accounting statement contains information on a company's net sales as well as other key statements analysts ... Read Answer >>
  5. What kind of financial reporting requirements does GAAP set out?

    Look at some of the major financial reporting requirements set forth by the generally accepted accounting principles and ... Read Answer >>
  6. What is the difference between a P&L statement and a balance sheet?

    Take a deeper look at the differences between the profit and loss statement and the balance sheet, two of the most important ... Read Answer >>
Hot Definitions
  1. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  2. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  3. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  4. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
  5. Generally Accepted Accounting Principles - GAAP

    The common set of accounting principles, standards and procedures that companies use to compile their financial statements. ...
  6. DuPont Analysis

    A method of performance measurement that was started by the DuPont Corporation in the 1920s. With this method, assets are ...
Trading Center