All the ratings have been removed from Rating Watch Negative, on which they were placed on 24 March 2017, after Hongqiao published its audited 2016 annual accounts with unqualified auditor opinion
Quotes requested as per the below subject to confirmation of auditor opinion
prior to work commencing:4x full valuations for other land and building assets, and 52x full valuations for investment propertiesor;4x full valuations for other land and building assets, and 52x desktop reviews for investment properties
Further, the agreement requires HCR ManorCare to deliver its 2016 audited financial statements and auditor consent to the company no later than 10 April 2017, which will include a "going concern" exception for HCR ManorCare in the auditor opinion
Other variables considered in this study include advertising to sales ratio, auditor opinion
(AUOP), and capital expenditure to property, plant and equipment ratio (CapInt).
An "adverse" auditor opinion
is when the auditor believes that no part of a company's financial statements are presented correctly, contain material misstatements, and therefore, should not be relied upon.
In Table 1 we show the 937 audit reports classified by year and type of auditor opinion
(unqualified or qualified).
The SOC2 and SOC3 reports offer firms both the assurance and an independent auditor opinion
that a service provider's internal controls provide a level of security, availability, processing integrity and privacy in accordance with pre-defined AICPA principles and criteria.
An auditor opinion
of these financial statements will be posted on the Company's web site (www.
reviewed the population of auditor opinions
filed with the U.
Speaking off the record, corporate executives said auditor opinions
shared in the ACLU forum "have been all over the place.
If the AICPA were to adopt SOX-type audit standards such as independent audit committees, internal control documentation, and auditor opinions
or restrictions on auditors providing consulting to clients, it would not have the force of law to enforce those changes.
Finally, GAO discusses its views on the importance of auditor opinions
on internal control over financial reporting.