If no, or insubstantial, accounting procedures were used in the compilation of the document, a financial statement is considered ________.

A) Audited
B) Unaudited
C) Unqualified
D) Qualified
E) Generally accepted

Unaudited

Referring to financial statements or accounts that have not undergone formal examination and verification by an auditor.

Financial Statement

Documents that provide an overview of a company's financial condition, including balance sheets, income statements, and cash flow statements.