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Opinion Shopping |
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Opinion shopping Attempts by a corporation to attain reporting objectives by following questionable accounting principles, with the help of an auditor willing to sanction the practices. Prohibited by the SEC. Opinion Shopping The act or practice of a company looking for an auditor who is likely to give an undeservedly good report on that company's financial health. The company may opinion shop for an auditor with unscrupulous ethics or perhaps who is simply not very good. Opinion shopping is illegal and as a result some analysts raise questions when a company suddenly changes its auditor.
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