Understanding Unaudited Financial Statements

When it comes to small companies, unaudited financial statements are usually enough. They don’t need to go through an audit. These unaudited financial statements should be presented at the Annual General Meeting (AGM) within six months from the end of the company’s financial year.

What exactly do these statements entail? They typically include an unaudited profit and loss report and a balance sheet, along with compliance notes and a director’s report. This all-encompassing document provides valuable insight into your company’s financial position and operations, even without an official audit.