accountant's opinion

(redirected from Audit Opinion)

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

accountant's opinion

See opinion.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
NBC received an adverse audit opinion from the Auditor General during that financial year, meaning that the Corporation financial statements were misrepresented, misstated, and did not reflect its financial performance at position.
According to the IDC, the auditor did not apply appropriate audit procedures to warrant the expression of his audit opinion. Along with accepting audit appoints with a small fee, the auditor also signed the audited financial statements without ensuring the signature of the company's management.
"In the circumstances, the validity of the expenditure of Sh691,526,310 incurred on catering services by the county offices could not be ascertained," said Mr Ouko said in a qualified audit opinion on IEBC accounts.
He says that while there is a "lot of uncertainty," the fact that the company's auditor was given time to review the findings of the internal investigation ahead of signing off on the annual report and accompany it with a "clean" audit opinion, increases his confidence in a favorable resolution.
Further, our lack of an unmodified audit opinion has hampered the achievement of an unmodified U.S.
First, half of the participants received a descriptive internal audit report similar to the model report provided by Archambeault, DeZoort, and Holt, while the other half received an internal audit report that also included a clean audit opinion from internal audit on the effectiveness of internal controls over the revenue cycle.
Once again, the city passed its FY 2017-18 financial audit with flying colors, receiving an "unmodified opinion" on its financial statements, the best audit opinion an entity can receive.
In a report issued to CWAC's audit and governance committee, auditor Grant Thornton said it anticipates issuing the council an 'unqualified audit opinion' for 2017-18 once it has completed its work.
The state auditor rendered an unqualified audit opinion on the fairness of presentation of the NEA's financial statements for the calendar year 2017, according to the latest COA Independent Auditor's Report (IAR).
Mayor Abigail Binay said an "unqualified audit opinion" is the best opinion an auditor can issue.
Binay said that an unqualified audit opinion is the best opinion an auditor can issue.
A significant result is reflected in the achievement of an unqualified audit opinion from BPK in 2016.