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clean opinion

   Also found in: Wikipedia 0.01 sec.
Clean opinion
An auditor's opinion reflecting an unqualified acceptance of a company's financial statements.
clean opinion
The opinion of a firm's auditors that its financial statements are fairly presented in accordance with generally accepted accounting principles. A clean opinion does not necessarily mean that the firm is financially strong or that its future is favorable, since even financially weak firms generally receive clean opinions. Also called standard opinion, unqualified opinion. Compare adverse opinion, disclaimer of opinion, qualified opinion. See also subject to opinion.


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Some investors may struggle with understanding the potential for seemingly divergent opinions (a clean opinion on the financial statements, with a concurrent adverse opinion on internal control) and what that may mean.
Sarbanes-Oxley Section 404: remediation, communication, education; ... by Orenstein, Edith G. / Financial Executive
Ten years later, only half the states had a clean opinion.
Federal financial reports improved but far from perfect by Journal of Accountancy
Most audits resulted in a clean opinion of the veracity of the client's financial report.
Investigating assets: The CPA's role in detecting and preventing fraud by Slotter, Keith / The FBI Law Enforcement Bulletin
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