A certified financial data/statement is a financial document, such as a cash flow statement or balance sheet, income statement, that has been audited and signed off on by an accountant. Once an auditor has fully reviewed from the customer or client the details of a financial statement following GAAP guidelines and is confident the numbers reported within it are accurate, they certify the documents in the certified financial data.
Certified financial statements are an important part of the balances and checks system of financial reporting. An outside, independent auditor certifying the reported details of company finances as true helps analysts be confident they are getting good information or data from which they can draw their valuations.
A Certified Bank Auditor CBA is an accounting specialist responsible for evaluating and reviewing a financial institution’s records to ensure completeness, accuracy, and compliance. Sometimes Certified Bank Auditors work for the bank for which they’re conducting audits for, others may be hired as a third party to do so.
Certified Statements Should the team of Certified Bank Auditors, conclude that the figures in the books are generally accurate and the firm adheres to the accounting code, they certify the major financial statements. Which are the balance sheet, income statement and the statement of cash flows? In some instances, the process cannot be concluded to the satisfaction of the CPA system.