accountant's opinion

(redirected from Unqualified 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 ?
There are plenty of similar topics that draw a wide range of unqualified opinions and statements that often include some quite bizarre pseudo-scientific content, such as those who insist that the earth is flat, or who believe in fairies, or who believe that many world leaders today have DNA derived from aliens, and so on.
However, all reporting agencies must receive unqualified opinions if the overall governmental statements are to receive an unqualified opinion.
which expressed unqualified opinions on management's assessment and on the effectiveness of the Company's internal control over financial reporting as of December 31, 2006.
Nine of the 11 agencies that had restatements for fiscal year 2003 received unqualified opinions on their originally issued fiscal year 2003 financial statements.
Irrespective of the unqualified opinions on their financial statements, many federal agencies do not have timely, accurate, and useful financial information and sound controls with which to make informed decisions and to ensure accountability on an ongoing basis.
Unqualified opinions are the accepted norm, and Baker expects bankers to encourage companies to move in that direction.
Firms with positive earnings surprises but modified audit opinions have significantly longer reporting lags than firms with negative earnings surprises and unqualified opinions.
The report proudly states that of the 24 consolidated agencies within the financials, 18 received unqualified opinions, "up from only six agencies four years ago.
The Audit Commission today released results from the audit of the second year of Welsh authorities' Best Value Performance Plans (BVPPs), with 20 per cent of councils given unqualified opinions by their auditors.
The Board acted in the face of a growing battle leading auditors to refuse to give some cities unqualified opinions on their annual financial statements.
Given the competitive forces at play, these tax advisers seem to be quite willing to write unqualified opinions that turn on literal and technical interpretations of the tax law, which more conservative judgment might regard as susceptible to attack either by the IRS administratively or in the courts.
Members of firms receiving unqualified opinions on their peer reviews may become peer reviewers themselves provided they have undergone a reviewer training course and meet other requirements.