unqualified opinion
A "clean" auditor's report. That is, the auditor has concluded that the financial statements present fairly the results of the company's operations and its financial position according to generally accepted accounting ...
Unqualified Opinion
AUDIT opinion not qualified for any material scope restrictions nor departures from GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP).
unqualified opinion
Term used to describe an opinion letter accompanying audited financial statements in which the CPA states that the financial statements fairly present the financial position and the results of operations.
Unqualified opinion
An independent auditor's opinion that a company's financial statements comply with accepted accounting procedures.
Unrealized capital gain/loss ...
Unqualified Opinion
A word used to depict a suggestion letter concomitant with scrutinized financial statements.
Upstream Guaranty ...
unqualified opinion
auditor's judgment that he or she has no reservation as to the fairness of presentation of a company's financial statements and their conformity withGenerally Accepted Accounting Principles (GAAP)also termedclean opinion.
Unqualified Opinion
An independent auditor's judgment that a company's financial records and statements are fairly and appropriately presented, and in accordance with Generally Accepted Accounting Principles (GAAP).
A CPA's "unqualified opinion" means that the financial statements he/she has audited present fairly the financial position and operating results of the company in conformity with GAAP.
Instead of an unqualified opinion, it's an opinion by a CPA that the financial statements do not represent fairly the results of the operations of the company and/or are not in conformity with generally accepted accounting principles (GAAP).
The wording of the standard, unqualified opinion paragraph is: "In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of XYZ Company at December 31, year A, ...
The accounts of listed companies are almost always given an unqualified opinion on the audit report. Potential problems will be identified and dealt with ahead of the release of the financial statements.
An adverse opinion is the opposite of an unqualified opinion, it is an opinion that states that the financial statements are not in conformity with GAAP.
Adverse selection ...
External Audit (business term)
Audit (finance term)
Disclaimer of Opinion (finance term)
Unqualified Opinion (business term)
Judgment (in accounting)
Stockholder's Report (finance term)
Annual Report (in banking) ...
A dividend declared by the directors of a corporation that has not yet been paid.
Unqualified opinion ...
Audited Financial Statements: Audited financial statements are financial statements prepared in accordance with generally accepted accounting principles and accompanied by an auditor's report, which contains an unqualified opinion of an ...
unqualified opinion The auditor's opinion of a financial statement, given without any reservations. Opposite of qualified opinion. unrealized The state in which a profit/loss has occurred but has yet to be reflected in a transaction.
 See also: Qualified opinion, Banks, Useful life, Withholding, Capitalized
  
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