In addition, the cases contained one of three manipulations in the audit opinion related to the remediation of the internal control material weaknesses (i.e., no audit opinion, internal auditor provided opinion, external auditor opinion
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
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).
To determine its figures, Audit Analytics, an online intelligence service available from IVES Group Inc., reviewed the population of auditor opinions
filed with the U.S.
Speaking off the record, corporate executives said auditor opinions
shared in the ACLU forum "have been all over the place." Overall, though, financial managers are divided into two main camps: those who think retail corporates shouldn't take any impairment at all, and those who think they should write down all of their PIC at U.S.
Finally, GAO discusses its views on the importance of auditor opinions
on internal control over financial reporting.
. In the current regulatory environment, the opinion issued by the auditor on a thrift's financial statements takes on increased importance.