accountant's opinion

(redirected from Auditor's Reports)

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 ?
In addition to auditor's reports, auditor's written communications may include letters or presentation materials (for example, letters communicating internal control related matters or presentations addressing communications with those charged with governance).
13 /PRNewswire/ -- BNA has released the new Auditor's Reports Portfolio, the latest in its Accounting Policy & Practice Portfolio Series.
22 of the AICPA Audit and Accounting Guide Audits of Investment Companies, Chapter 11, "Independent Auditor's Reports and Management Representations.
The American Institute of Certified Public Accountants (AICPA) provides standardized language for use in auditor's reports.
The Company confirms that there were no reservations in the Former Auditor's reports in connection with:
Exhibit B: Illustrations of Auditor's Reports on a Single Financial Statement and a Specific Element of a Financial Statement/A26
There were no reservations in the Auditor's reports for the two most recently completed fiscal years or for any period subsequent to December 31, 1999 for which an audit report was issued.
31, 2001, 2002 and 2003, including the auditor's reports thereon, and subsequent interim periods and any earnings releases, should not be relied upon until the completion of the audit of such corrections and the issuance by the Company of corrected and restated financial statements for 2001 and subsequent periods.
The Company's published financial statements for the years ended December 31, 2002 and 2003 and subsequent interim periods including the auditor's reports thereon and all earnings releases relating to such time periods, should not be relied upon until the completion of the audit of such adjustments and the issuance by the Company of corrected and restated financial statements for 2002 and 2003 and subsequent periods including the quarters ended March 31, 2004 and June 30, 2004.
Management must now submit the reporting package within 30 days after receiving the auditor's reports or within 9 months after the end of the period audited, whichever is earlier.
A Pennsylvania federal court ruled that business owners who engaged in fraudulent conduct could not sue their auditors, but third parties who relied on the auditor's reports could.
The Company's independent auditor, KPMG Bedrijfsrevisoren, has previously notified the Company that, as a result of the identified irregularities and resulting decision by the Company to restate its financial statements for 1998 and 1999, the auditor has determined that it can no longer be associated with the Company's financial statements for 1998 and 1999 and that, therefore, its auditor's reports relating to each of the Company's financial statements for 1998 and 1999 should no longer be relied upon.