Independent Auditor
Investment Dictionary:
Independent Auditor
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Independent auditor
A certified public accountant operating outside the company who can provide an accountant's opinion.
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independent auditor's letter, required in securities underwriting agreements, to assure that information in the registration statement and prospectus is correctly prepared and that no material changes have occurred since its preparation.
Independent Auditor
An external auditor with a certified public accounting designation that qualifies him or her to provide an auditor's report.
Examining A Career As An Auditor
A Look At Accounting Careers
The One-Time Expense Warning ...
An independent auditor's belief that a company's financial statements are not accurate.
Definition 2.
An independent auditor's opinion expressing that a firm's financial statements do not reflect the company's position accurately. See also: Qualified opinion.
Adverse selection ...
[FDIC] adverse opinion An opinion issued by an independent auditor when the financial statements of a financial institution do not fairly present the institution's financial condition.
At a minimum, an annual report must include a balance sheet, a report from an independent auditor, an income statement, and a general report on company operations.
A financial statement on which, based on an audit, an independent auditor has expressed an opinion. An audit is designed to obtain reasonable assurance that the financial statements are free of material misstatements.
External audit-carried out by independent auditors-examines the financial statements and accounting records in order to express an opinion as to the truth and fairness and adherence to Generally Accepted Accounting Principles (GAAP).
A letter from an independent auditor included in a preliminary prospectus stating that, while a full audit has not been undertaken, ...
COMFORT LETTER - A letter from an independent auditor included in a preliminary prospectus stating that...
COMFORT LETTER OR COLD COMFORT LETTER - A letter delivered by the auditors for an issuer at the time of...
Adverse Opinion definition :
An independent auditor's opinion expressing that a firm's financial statements do not reflect the company's position accurately. See also: Qualified opinion.
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Financial statements that bear the report of independent auditors attesting to the financial statements' fairness and compliance with generally accepted accounting principles.
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An accountant's letter is produced by a company's independent auditors. It summarizes the scope of the accountant's audit and its results in very general terms. The term is frequently used interchangeably with the term "auditor's opinion".
Sometimes referred to as a "Cold Comfort Letter", this is a letter from an independent auditor stating that certain specified information is correctly prepared to the best of the auditor's knowledge as of a specific date in time (usually a closing ...
The independent auditor must undergo training adequate in technical scope, including commensurate general education.
Comfort letter
A letter from an independent auditor in securities underwriting agreements to assure that information in the registration statement and prospectus is correctly prepared to the best of the auditor's knowledge.
Annual Report - A financial report sent yearly to a publicly held firm's shareholders. This report must be audited by independent auditors.
Annuitant - An individual who purchases an annuity and will receive payments from that annuity.
INDEPENDENT AUDIT - An audit performed by an independent auditor. Refer to FINANCIAL AUDIT, PERFORMANCE AUDIT, and INTERNAL AUDIT.
INDIRECT CHARGES - Refer to OVERHEAD.
In addition, Section 404 of the Act requires public companies to implement a robust system of internal control; an independent auditor must issue a separate report on the effectiveness of this control system.
of EARNINGS PER SHARE (EPS) or decrease loss per share solely because of the inclusion of COMMON STOCK equivalents, such as STOCK OPTIONS, WARRANTS, convertible DEBT or convertible PREFERRED STOCK, nomination or selection of the independent AUDITORs.
The annual report says the company owns eight cows, with an option on one more and this transaction process is upheld by your independent auditor and no Balance Sheet provided with the press release that announces that Enron as a major owner of cows ...
Unqualified opinion An independent auditor's opinion that a company's financial statements comply with accepted accounting procedures. Antithesis of qualified opinion.
 See also: Banks, Bills, Expense, Settlement Date, Redeemable
  
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