accountant's opinion

(redirected from Unqualified Opinions)

Accountant's opinion

A signed statement from an independent public accountant after examination of a firm's records and accounts. The opinion may be unqualified or qualified. See: Qualified opinion.

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.

accountant's opinion

See opinion.
References in periodicals archive ?
Nine of the 11 agencies that had restatements for fiscal year 2003 received unqualified opinions on their originally issued fiscal year 2003 financial statements.
During Koenig's entire tenure, Waste Management received unqualified opinions from its outside auditor.
Unqualified opinions are the accepted norm, and Baker expects bankers to encourage companies to move in that direction.
The report proudly states that of the 24 consolidated agencies within the financials, 18 received unqualified opinions, "up from only six agencies four years ago.
The Audit Commission today released results from the audit of the second year of Welsh authorities' Best Value Performance Plans (BVPPs), with 20 per cent of councils given unqualified opinions by their auditors.
The Board acted in the face of a growing battle leading auditors to refuse to give some cities unqualified opinions on their annual financial statements.
Members of firms receiving unqualified opinions on their peer reviews may become peer reviewers themselves provided they have undergone a reviewer training course and meet other requirements.
During the relevant years, the Company has received unqualified opinions from its independent auditing firm, Ernst & Young.
KPMG LLP, the Company's independent registered public accounting firm, expressed unqualified opinions on management's assessment and on the effectiveness of the Company's internal control over financial reporting as of December 31, 2004.
Irrespective of the unqualified opinions, many federal agencies do not have timely, accurate, and useful financial information and sound controls with which to make informed decisions and to ensure accountability on an ongoing basis.
The site explains in lay terms the American Institute of CPAs peer review program and the significance of the firm's history of unqualified opinions.
Deloitte & Touche LLP, the Company's independent registered public accounting firm, audited management's assessment and expressed unqualified opinions on management's assessment and on the effectiveness of the Company's internal control over financial reporting as of December 31, 2004.