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.

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 ?
The certification function, aimed at providing an audit opinion on the
Lawsuit Claims Goodman Conspired to Provide False Audit Opinion Depriving Shareholders of Tens of Millions of Dollars
In March 1984, Touche issued an unqualified audit opinion on Buttes's 1983 financial statements.
Fiscal 2005 reflects the second consecutive unqualified audit opinion, reversing years of inflated fund balances due to the misreporting of salary accruals.
The firm opined Price should have made a large number of adjusting entries before issuing its audit opinion.
The New York Court of Appeals clarified and strengthened the requirement that nonclients allegedly relying on an accounting firm's audit opinion must have a relationship sufficiently approaching privity before they can sustain a lawsuit against the firm.
The notice is based on a review by the AMEX of ImageWare's Form 10-KSB for the year ended December 31, 2005, which includes a going concern qualification to the audit opinion.
The warrant holders and shareholders sued Young, alleging its January 1983 unqualified audit opinion failed to disclose various problems at Osborne before its bankruptcy.
Because a letter of credit (LOC) extension and financial covenant waivers from a majority of bondholders have not been received, the audit cannot be released with an unqualified audit opinion.
An unqualified audit opinion indicates the financial statements are correct.
The Exchange's recent notice also indicates we are not in compliance with Section 610(b) of the Company Guide, which requires a company that has received an audit opinion containing a going concern qualification to make a public announcement through the news media disclosing the receipt of such qualified opinion.
Consistent with prior audit opinions received by the Company, the audit opinion included in the Form 10K filed today does not include a going concern modification.