Product For Unaudited Financial Statements And Method For Qualifying The Eligibility For Such A Product

摘要

A system, product and method to increase the credibility of the unaudited financial statements of small and medium sized private enterprises combines such financial statements which satisfy eligibility criteria with an indemnity in favour of a named user of the unaudited financial statements for a loss which the user incurs as a consequence of those financial statements containing information that is materially incomplete or materially inaccurate. The financial statements are professionally compiled by a Certified Public Accountant in conjunction with that Accountant's completion of a related agreed-upon procedures engagement. The procedures are determined by the indemnity provider as being relevant and appropriate for the subject enterprise.