unqualified opinion

Also found in: Idioms.

Unqualified opinion

An independent auditor's opinion that a company's financial statements comply with accepted accounting procedures. Antithesis of 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.

unqualified opinion

See clean 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.

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clean opinion

References in periodicals archive ?

Each of the principles has defined criteria controls which must be met to demonstrate adherence to the principles and produce an unqualified opinion (no significant exceptions found during the audit).

Windstream Enterprise OfficeSuite UC gets SOC 2 and HIPAA compliance

THE Securities and Exchange Commission (SEC) received an 'unqualified opinion' from the Commission on Audit (COA), as it upholds transparency, accountability and efficiency in the use of valuable taxpayers' money.

Unqualified opinion from COA cheers SEC

For the second year in a row, the Makati City government has gotten an 'unqualified opinion' from the Commission on Audit (COA) which examined its 2018 financial statements.

Makati gets highest rating from COA

According to the local government, "unmodified opinion" or "unqualified opinion" is the highest audit rating that an auditor can give after concluding that the financial statements of the audited entity are presented fairly and in conformity with generally accepted accounting principles.

Makati gets COA's 'highest audit rating' for second straight year

As part of the audit completion, Data Gumbo received an unqualified opinion from Grant Thornton that its procedures and infrastructure meet or exceed the SOC 1 Type 1 criteria.

DATA GUMBO COMPLETES AUDIT FOR PLATFORM SECURITY

Such an opinion means problems singled out by the audit are pervasive and require a great deal of changes to rectify.Other counties that have made notable progress are Isiolo and Samburu, both of which had adverse opinions in the FY2016/17 and 2015/16.Embu County has received an adverse opinion for four consecutive financial years, in 2017/18, 2016/17, 2015/16 and 2014/15.PROPER USEMeru, Marsabit and Mandera got qualified opinions in the 2017/18 report, after scoring an adverse opinion in 2015/16, 2014/15, and disclaimers in 2013/14.Only Nyandarua and Makueni got an unqualified opinion, the first since the advent of devolution, showing that all the money was accounted for with the proper documentation provided.

Counties clean up audit mess as Ouko plans expansion

On Wednesday, almost two months later, EY has finally been able to give Middlesbrough Council an unqualified opinion having found no issues in the new information.

Council's finances given the all-clear

The report was audited in spring 2018 by Lauterbach and Amen, LLP, receiving an unqualified opinion, which is the highest opinion that can be received.

Naperville Park District financial reports available online and in print

If Grant Thornton does issue an unqualified opinion, it would mean that the auditor believes CWAC's financial statements are clean.

Cheshire West council's finances are looking in good shape; External auditors set to give CWAC's financial statements a clean bill of health

While COA's observations on the CTS-REM conversion was widely reported, it was largely ignored that state auditors gave Pag-IBIG another unqualified opinion which is the best opinion that a government agency or corporation can get from COA.

Pag-IBIG allays concerns over COA findings on CTS

<br />The high court held that the officer was essentially allowed "to give an unqualified opinion on the ultimate issue of whether the defendant had been acting in self-defense when he shot and killed the victim." <br />Ellis made it clearor ought to have made it clearthat an expert's testimony should not exceed the scope of his or her expertise.