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.
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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.
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.
Disclaimer Of Opinion (the Reason(s) Must Be Also Included In The Management Letter As An Audit
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.
Because of the matter(s) described in the basis for disclaimer of opinion paragraph, however, we were not able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion.
The auditors qualified the accounts with a disclaimer of opinion.
ranks 1-5 of the aggregate mean responses in Table 4, panel 1) were change of auditor preceded by a qualified opinion, disclaimer of opinion, or going-concern modification, as well as deteriorating financial or operating conditions whether or not accompanied by change of auditor.
While the Department has made significant improvements in its financial activities, the Office of the Inspector General, Department of Defense, rendered a disclaimer of opinion on the DoD agency-wide financial statements for FY 1999.
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.
He said its accounts presented "such fundamental problems" that he had to issue a disclaimer of opinion, because of the lack of audit evidence which he needed to reach an opinion on the truth and fairness of the accounts.
The company said that the reports of its former auditor didn't have any adverse opinion or disclaimer of opinion and there were no disagreements between it and the former auditor.
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.