 |
Definition of 'Auditor's Opinion'
A certification that accompanies financial statements and is provided by the independent accountants who audit a company's books and records and help produce the financial statements. The auditor's opinion will set out the scope of the audit, the accountant's opinion of the procedures and records used to produce the statements, and the accountant's opinion of whether or not the financial statements present an accurate picture of the company's financial condition.
|
 |
Investopedia explains 'Auditor's Opinion'
There are generally three types of auditor's opinions. A "clean" or unqualified opinion states that the financial statements present a fair and accurate picture of the company and comply with generally accepted accounting principles. A qualified opinion contains exceptions, which may include the scope of the audit.
An adverse opinion contains a major exception or warning. The most well-known adverse opinion is the "going-concern" exception, in which the accountant expresses doubts about the company's ability to remain in business.
|
Search results for 'Auditor's Opinion'
-
http://www.investopedia.com/university/fundamentalanalysis/fundanalysis5.asp
... Paragraph 3 Provides the auditor's opinion on the financial statements of the company
being audited. This is simply an opinion, not a guarantee of accuracy. ...
-
http://www.investopedia.com/articles/analyst/112702.asp
... to as footnotes, found in a company's 10-Qs and 10-Ks and in the auditor's opinion,
which relate to the issue that could cause the material adverse effect. ...
-
http://www.investopedia.com/articles/basics/06/financialreporting.asp
... Before digging into a company's financials, the first thing to do is read the auditor's
report. A "clean opinion" provides you with a green light to proceed. ...
-
http://www.investopedia.com/university/accounting/accounting2.asp
... that inspect the accounts of an entity and render an opinion on whether ... see, An Inside
Look At Internal Auditors.). The external auditor's primary obligation is ...
|
|
