Accounting Tools

OCTOBER 6, 2023

Related Courses How to Conduct an Audit Engagement What is a Disclaimer of Opinion? A disclaimer of opinion is a statement made by an auditor that no opinion is being given regarding the financial statements of a client. Until the auditor issues a replacement opinion, the disclaimer remains in force.

Financial Statements 75

Financial Statements Auditing 75

Accounting Tools

OCTOBER 27, 2023

Related Courses How to Conduct an Audit Engagement What is an Unqualified Opinion? An unqualified opinion is an audit report that has been issued with no reservations regarding the state of an audit client's financial statements. Terms Similar to Unqualified Opinion An unqualified opinion is also known as a clean opinion.

Financial Statements 40

Financial Statements Auditing Accounting Accounting 40

Accounting Tools

MARCH 22, 2024

What is an Except-for Opinion? An except-for opinion is rendered by an external auditor when unable to audit parts of a client's operations. Under these circumstances, the auditor typically renders an opinion "except for" the conditions stated in a following paragraph of the opinion.

Financial Statements 40

Financial Statements Auditing Accounting Accounting 40

Accounting Tools

JULY 14, 2023

Related Courses How to Conduct a Compilation Engagement How to Conduct a Review Engagement How to Conduct an Audit Engagement What is an Adverse Opinion? An adverse opinion is a statement made by an entity’s outside auditor , that the entity’s financial statements do not fairly represent its results, financial position , and cash flows.

Financial Statements 75

Financial Statements Auditing Accounting Accounting 75

Accounting Tools

MAY 21, 2023

Related Courses How to Conduct an Audit Engagement What is Opinion Shopping? Opinion shopping is the practice of searching for an auditor that will issue an unqualified opinion on a company’s financial statements.

Financial Statements 40

Financial Statements Auditing Accounting Accounting 40

Accounting Tools

JUNE 8, 2023

Related Courses How to Conduct a Compilation Engagement How to Conduct a Review Engagement How to Conduct an Audit Engagement What is an Auditor’s Opinion? An auditor’s opinion is a formal statement made by an auditor concerning a client’s financial statements. There are several types of audit opinions, which are noted below.

Financial Statements 40

Financial Statements Auditing Financial Records 40

Accounting Tools

MARCH 26, 2023

An auditor’s report is a written statement made by an external auditor , stating that party’s opinion on whether a client’s financial statements comply with the applicable accounting framework and are free of material misstatements. These opinion types are as follows: Unqualified opinion. Qualified opinion.

Financial Statements 40

Financial Statements Auditing Accounting Accounting 40