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Audited Financial Statements

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An audit involves examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. Audited financial statements provide the most assurance of all of the financial statement formats prepared by a CPA.

Because audited financial statements provide the most assurance of all of the financial statement formats prepared by a CPA, they are ideal for when an Organization needs outside funding from a bank or other lending institute, or simply wants a third party opinion on the financial statements. They are comprehensive, and can be given to any third party. However, an audit is generally the most costly of the financial statement-producing services.

Cynthia Cox has performed the annual financial audit for Metropolitan Baptist Church for the past nine years. As Finance Manager for the church, I have had the pleasure of providing her financial information to complete her task for the past six years. She has shown herself to be a thoroughly professional individual; her integrity is above reproach. In working on the audit, Mrs. Cox has gone above and beyond her job in helping us set procedures to ensure the church staff members perform their duties in compliance with IRS guidelines. While this is not necessarily part of the audit process, it has been extremely valuable. Mrs. Cox knows all aspects in the church business arena and is adept at passing that information on as needed. I hope to work with Mrs. Cox for many years to come. - Jean Bellow, Finance Manager Metropolitan Baptist Church, Houston, TX