Audited accounts

06.06.2011 08:06

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Audited accounts

1) The (annual) accounts of a business which have been examined and approved by an ‘auditor’. In the case of limited liability companies such accounts are required by law (see Registrar of Companies) and must have been prepared by an independent ‘chartered’ (ie professional) accountant.

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.15 (288 p.)


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