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Accountant's Opinion

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Accountant's opinion
A signed statement from an independent public accountant after examination of a firm's records and accounts. The opinion may be unqualified or qualified. See: Qualified opinion.

Accountant's Opinion
An auditor's statement that he/she has reviewed the financial statements of a company and believes that they are accurate, complete, and in accordance with Generally Accepted Accounting Principles. Most of the time, a publicly-traded company's annual report contains an accountant's opinion; a report without one can be a matter of concern to investors. Instead of an accountant's opinion, the auditor may issue a qualified opinion, stating that the auditor is unable to render a full opinion about a company's finances, or a portion thereof, because the company's accounting does not meet the Generally Accepted Accounting Principles, or because the information was for some reason incomplete. An accountant's opinion is also called an auditor's report, a clean opinion, or simply an opinion.

accountant's opinion
See opinion.


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Only seven per cent value their accountant's opinion the most when it comes to the financial well-being of their business - the lowest vote of confidence of any region.
The willingness of investors, creditors, and other stakeholders to trust the public accountant's opinion is an important facet of market efficiency.
In other words, even if the accountant does not know of the third-party or the third-party is not within the "intended users of financial statements," the accountant is liable if the third-party is within a class of persons "who might reasonably be foreseen to rely upon the financial statements and the accountant's opinion.
 
 
 
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