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Topical Terminology > Unqualified Opinion



3 Definitions

Unqualified Opinion

For Unqualified Opinion we have terms and definitions in 3 topics. The topics are Accounting, Accounting Terms and Finance.



Unqualified Opinion (Accounting)

AUDIT opinion not qualified for any material scope restrictions nor departures from GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP). The AUDITOR may issue an unqualified opinion only when there are no identified material weaknesses and when there have been no restrictions on the scope of the auditor's work. Also known as CLEAN OPINION.


Unqualified Opinion (Accounting Terms)

AUDIT opinion not qualified for any material scope restrictions nor departures from GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP). The AUDITOR may issue an unqualified opinion only when there are no identified material weaknesses and when there have been no restrictions on the scope of the auditor's work. Also known as CLEAN OPINION.


Unqualified Opinion (Finance)

An independent auditor's opinion that a company's financial statements comply with accepted accounting procedures. Antithesis of qualified opinion.


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