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Auditor's Report
(redirected from Auditor 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.
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The auditor reports that financial balances are at a low level because of the use of reserve funds to support the budget at a time when council tax has been frozen, reducing the city's ability to deal with "unexpected events.
Liverpool improving but services still poor; Performance below ... by Daily Post (Liverpool, England)
The IAPC has long required that auditor reports identify which country's accounting principles have been used in audited financial statements where that is not evident.
Proposed Changes To Audit Reports by Heffes, Ellen M. / Financial Executive
 
 
 
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