subject to opinion

Subject to opinion

An auditor's opinion reflecting acceptance of a company's financial statements subject to pervasive uncertainty that cannot be adequately measured, such as information relating to the value of inventories, reserves for losses, or other matters open to judgment.

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subject to opinion

An audit opinion by a certified public accountant that a firm's financial statements are fairly presented subject to the outcome of an uncertain future event. A major lawsuit, the outcome of which could significantly affect the firm, may be unresolved at the time of the audit; such a situation is an example of a factor influencing the opinion.