Auditor's report


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Auditor's report

A section of an annual report that includes the auditor's opinion about the veracity of the financial statements.

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.
References in periodicals archive ?
Notify management and those charged with governance that the auditor's report is not to be relied upon.
A Eugene police sergeant violated the department's good judgment policy and performed in an unsatisfactory manner in a prank that went wrong, according to a police auditor's report.
This paper presents the evolution of the auditor reporting model, discusses the proposed changes to the standards, provides a timeline detailing the process of developing the proposed standard, summarizes the changes to the standard auditor's report, and presents unresolved issues regarding the proposed standard.
This resulted in PricewaterhouseCoopers (PwC) having to delay the preparation of the Auditor's Report.
The Public Company Accounting Oversight Board proposed for public comment a new auditing standard that would retain the pass/fail model in the existing auditor's report, but would provide additional information to investors and other financial statement users about the audit and the auditor.
The current council leadership will meet very soon with the minister, Carl Sargeant, to discuss the best way forward in the light of the auditor's report.
87, Restricting the Use of an Auditor's Report [AICPA, Professional Standards, A U sec.
January 16, 2012 (JUBA) - South Sudan parliament on Monday postponed deliberations on corruption in 2005 and 2006 apparently due to lack of copies of the auditor's report covering those years.
3 said the director of Finance Services Lau Ioc-ip's term has been terminated considering that the facts presented in the auditor's report had harmed the prestige of the administration.
The Professional Issues Task Force has issued Practice Alert 2007-1, Dating of the Auditor's Report and Related Practical Guidance.
Los Angeles County Supervisor Zev Yaroslavsky disputed a recent auditor's report that claimed most of the sewage spills occurred in his district.
TORONTO -- The Ontario government has launched a review of its program for autistic children after an auditor's report found the program was lax in spending money on children needing intensive therapy and its financial records were littered with inaccurate information.