accountant's opinion

(redirected from Audit 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 ?
The Parliamentarians will engage representatives of the boards and the senior management of each entity on key maters such as challenges emerging from their strategic plans, their previously tabled annual reports and audit opinions of the office of the auditor general on their financial statements.
The IDC said, their auditors did not apply appropriate audit procedures to warrant the expression of audit opinions. With a small fee, the auditors also signed the audited financial statements without ensuring the signature of the company's management.
Over the years, our industry has made GREAT strides forward in obtaining unmodified (i.e., clean) audit opinions, reducing material weaknesses, advancing transparency and accountability, and looking for new and better ways of conducting our operations.
In this financial year, the number of issues identified by auditors - leading to "qualified audit opinions" - has doubled.
The NCUA announced that its four permanent funds received clean audit opinions for 2014, according to audited financial reports released by agency's Inspector General.
68 would not prevent employers in cost-sharing plans from receiving modified audit opinions on their financial statements.
There are four types of audit opinions that can be issued ...
Last year, we reported the results of our investigation of allegations about certain DCAA audits at three locations in California, which substantiated claims that (1) audit documentation did not support the reported opinions; (2) DCAA supervisors dropped findings and changed audit opinions without adequate audit evidence for their changes; and (3) sufficient work was not performed to support the audit opinions and conclusions.
If the number of going concerns continues to rise at the level one research firm expects, there will be more than 3,500 audit opinions uncertain of their going concern assumptions in 2008.
A damaging reaction tomodified audit opinionsmay be caused by misinterpretations of explanations - the emphasis of matter in those modified audit opinions.
To facilitate managers' understanding of the new requirements they face, we first provide an overview of the three required audit opinions. Then we analyze the deficiencies reported by a sample of accelerated filers.
Ideally, the identification system will lower the cost of item management, improve item availability, increase asset visibility and traceability, help achieve clean audit opinions, and improve long-term inventory management and strategic purchasing for the DoD.