Opinion Letter Financial Glossary
What is it? Letter issued by a certified public accountant to accompany financial statements. The opinion letter has two parts. One describes the scope of the accountants work in the preparation and testing, if any, related to the preparation of the financial reports covered by the letter. The other provides the accountants opinion regarding the fairness, accuracy, and conformity with GAAP of the financial statements. Accountants opinions are categorized as unqualified, qualified, disclaimer, or adverse depending upon the nature of the comments in the letter.Finance Term Definition Added By: Ava
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