subject to opinion

Subject to opinion

An auditor's opinion reflecting acceptance of a company's financial statements subject to pervasive uncertainty that cannot be adequately measured, such as information relating to the value of inventories, reserves for losses, or other matters open to judgment.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Qualified Opinion

An auditor's statement that he/she 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. In other words, a qualified opinion states that the company's accounting is so sloppy that the auditor cannot render an opinion. This is placed on the front page of an audit. See also: Except for opinion.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

subject to opinion

An audit opinion by a certified public accountant that a firm's financial statements are fairly presented subject to the outcome of an uncertain future event. A major lawsuit, the outcome of which could significantly affect the firm, may be unresolved at the time of the audit; such a situation is an example of a factor influencing the opinion.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
At the outset, the Ecnec approved 'Dasu hydropower project (stage 1) revision of cost for land acquisition and built up of property', subject to opinion of the Ministry of Law on the revision of cost of land and built up property.
ECNEC approved 'Dasu hydropower project (stage 1) Revision of cost for land acquisition and built up of property', subject to opinion of the Law Ministry on the revision of cost of land and built up property after imposition of section 4 of Land acquisition Act of 1894.
"In this case, the issue is subject to opinion on how to progress the labour market and protect Bahrainis and make them the first choice."
"We realise if you come into this job, you are going to be subject to opinion.
The universe is not subject to opinion. It is what it is, and it works the way it works, period.
All standards and requirements for students are measurable and not subject to opinion (See Ediger and Rao, 2006).

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