accountant's opinion

(redirected from Audit Opinion)

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.
References in periodicals archive ?
Makwetu said the number of auditees that received a financially unqualified audit opinion with no findings (clean audit) had improved slightly from 118 (26%) in 2013-14 to 131 (28%) in 2014-15.
17, 2015 /PRNewswire-USNewswire/ -- NASA has received an unmodified audit opinion on its Fiscal Year 2015 (FY 2015) financial statements, marking the fifth consecutive year of "clean" opinions.
The Stabilization Fund earned a clean audit opinion for 2013.
It appears, based on feedback received, that many governments would face a similar prospect of a modified audit opinion even if governments were to follow the previous pension standards.
The "Consolidated Final Account of the State" has also been audited and submitted with the audit opinion to H.
It has also completed the audit of Future Generation Reserve Account for the last year and sent the audit opinion to the minister.
I have the privilege of commanding the United States Army Corps of Engineers (USACE) which, in 2008, became the first major activity in the Department of Defense (DoD) to receive a clean, or unqualified, audit opinion on its financial statements.
Furthermore, the NAO has completed the audit of Future Generation Reserve Account for 2011 and has sent the audit opinion to the of Finance Minister, who is also the chairman of the Future Generation Reserve Council.
Using information that has received a "clean" audit opinion from an independent auditor gives leaders confidence in the decisions they make for the warfighter.
ACCOUNTANT is responsible for designing the engagement to provide reasonable assurance of detecting fraud, illegal acts, or violations of provisions of contracts or grant agreements that could have a material effect on the subject matter or audit opinion, and should be alert to situations or transactions that could be indicative of abuse.
The Florida Bar has received a clean audit opinion for its 2004-05 fiscal year financial statement and is, pursuant to recommendations from outside auditors, preparing an emergency plan.