What is an Auditor's Opinion?
An auditor's independent, unbiased and qualified evaluation of the accuracy and completeness of a company's financial statements and practices, as well as an evaluation of a company's compliance with Generally Accepted . Principles ( )'s opinion is a written statement describing an
How Does an Auditor's Opinion Work?
When an unqualified opinion and does so using a standard reporting template (this is why many opinions read the same way). An report also includes a statement that the audit was conducted in accordance with . When the cannot give an unqualified opinion, it a qualified opinion, which lists the reasons for the 's concern about the company's and controls and the possible effects on the .feels that a company's are fair and accurate, it an
Here is an example of an unqualified opinion, for the Disney Corporation:
Why Does an Auditor's Opinion Matter?
An's objective is to help the form an opinion of the accuracy and fairness of a company's . This is done for the sake of the shareholders, regulatory authorities, and other people with an interest in the health of the company.