disclaimer of opinion

Disclaimer of opinion

An auditor's statement that does not express any opinion regarding the company's financial condition.

disclaimer of opinion

The statement of a Certified Public Accountant that an audit opinion cannot be rendered because of limitations on the extent of the examinations. Compare clean opinion.
Mentioned in ?
References in periodicals archive ?
There have been concerns about Daewoo's accounting transparency after Deloitte Anjin made a disclaimer of opinion on the firm's accounts book in November.
CHHK's reports on the financial statements of the Company for the fiscal years ended December 31, 2014 and 2015 did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles, except that its report for the fiscal year ended December 31, 2015 contained an emphasis of matter paragraph regarding the Company's ability to continue as a going concern.
He also discussed Audit Readiness and the statutory requirement to pass a DOD wide-audit in 2017, explaining that we still have a disclaimer of opinion on the Statement of Budgetary Activity (SBA).
The audit reports of Mazars, the consolidated financial statements of MMIL and subsidiaries as of and for the years ended December 31, 2013 and 2014 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles.
In terms of strengthening disclosure and protecting investors, the CMA's board issued its resolution to suspend trading the shares of a listed company if the certified public accountant's report on its preliminary or annual financial statements included a Disclaimer of Opinion or an Adverse Opinion and it will be lifted after removing the Disclaimer of Opinion or an Adverse Opinion from the financial reports.
Global Credit Rating Co also looked at the fact that NamibRe attained a clean audit for the annual financial statements for the year ending 2013 and the previous Disclaimer of Opinion had been waived following the challenges experienced with its financial reporting that led to the Disclaimer being issued by its auditors, Ernest &Young on its financial statements of 2012 which resulted in the rating agency reviewing NamibRe's credit rating.
If the audit opinion on the complete financial statements is adverse or a disclaimer of opinion, a piecemeal opinion on a specific account that would contradict the overall opinion cannot be given.
The auditors qualified the accounts with a disclaimer of opinion.
This SAS establishes three types of modified opinions: namely, a qualified opinion, an adverse opinion, and a disclaimer of opinion.
GAO's December 2007 disclaimer of opinion on the fiscal year 2007 accrual basis consolidated financial statements included a discussion of continuing control deficiencies related to the preparation of the CFS.
for this period did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles.
110 states that the sufficiency and appropriateness of audit evidence are still a matter of professional judgment, but it re-emphasizes that if auditors are unable to obtain sufficient appropriate evidence, they should express a qualified opinion or a disclaimer of opinion.