Auditor's report


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Auditor's report

A section of an annual report that includes the auditor's opinion about the veracity of the financial statements.

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.
References in periodicals archive ?
'I am actually seeing the auditor's report for the first time.
The auditor's report advised that the Home Ministry and Human Resource Minister to review the Dirty, Dangerous and Difficult (3D) working sectors by providing greater incentives in order to reduce the dependency on foreign workers.
The second phase of implementation requires CAMs to be disclosed in the auditor's report beginning with fiscal years ending on or after June 30, 2019, for audits of large accelerated filers, and for all other applicable companies for fiscal years ending on or after Dec.
But now, some of the most significant matters, known as Key Audit Matters (KAMs), will be publicly disclosed through the auditor's report for the benefit of all stakeholders of listed companies.
SBP has been ordered to release the auditor's report in full, alongside the notice and its disclosure is mandatory for acquiescence with the judgement.
Singapore issued a new Singapore Standard on Auditing (SSA) 701, Communicating Key Audit Matters in the Independent Auditor's Report, deals with the auditor's responsibility to communicate KAMs in the auditor's report.
Department of the Treasury's Advisory Committee on the Auditing Profession (ACAP) urged the PCAOB to explicitly clarify in the auditor's report the auditor's role in detecting fraud under current auditing standards.
ISA 705 (Revised), Modifications to the Opinion in the Independent Auditor's Report; and
A Eugene police sergeant violated the department's good judgment policy and performed in an unsatisfactory manner in a prank that went wrong, according to a police auditor's report.
In as much as our society depends on high-quality financial reporting for capital allocation decisions, understanding the nature and limitations of the auditor's report will be helpful to investors and creditors.
A key finding of the report, which surveyed middle-market public company boards with revenues from dollar 250 million to dollar 750 million, relates to the changes to the annual auditor's report in the PCAOB proposal.