Accountant's Opinion

Written By
Paul Tracy
Updated June 22, 2021

What is an Accountant's Opinion?

An accountant's opinion is a concise written statement by a certified accountant concerning the accuracy of a company's financial records.

How Does an Accountant's Opinion Work?

An accountant's opinion is the first document in a company's financial report. Prepared by an independent accounting professional, it expresses the accountant's standpoint on a company's accounting methods. In addition, it expresses the accountant's confidence in the veracity of the company's financial statements insofar as they reflect the underlying financial data. An unqualified opinion reflects a positive viewpoint on the part of the accountant and is preferable to a qualified opinion, which expresses concern.

Why Does an Accountant's Opinion Matter?

An accountant's opinion provides the readers and analysts of a company's financial report with the educated opinion of a third party. Though it indicates to the reader how he should approach the financial figures, the opinion can be highly detrimental if negative (qualified), because it can dissuade prospective investors and may impel some holders to divest.

Ask an Expert
All of our content is verified for accuracy by Paul Tracy and our team of certified financial experts. We pride ourselves on quality, research, and transparency, and we value your feedback. Below you'll find answers to some of the most common reader questions about Accountant's Opinion.
Be the first to ask a question

If you have a question about Accountant's Opinion, then please ask Paul.

Ask a question

Paul has been a respected figure in the financial markets for more than two decades. Prior to starting InvestingAnswers, Paul founded and managed one of the most influential investment research firms in America, with more than 2 million monthly readers.

If you have a question about Accountant's Opinion, then please ask Paul.

Ask a question Read more from Paul

Read this next

Paul Tracy - profile
Ask an Expert about Accountant's Opinion

By submitting this form you agree with our Privacy Policy

Don't Know a Financial Term?
Search our library of 4,000+ terms