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.

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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?

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  3. What is the difference between a cash flow statement and an income statement?

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  4. What kind of financial reporting requirements does GAAP set out?

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  5. Which financial accounting statement contains information on a company's net sales?

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