Disclaimer of Opinion
/dɪsˈkleɪmər ʌv əˈpɪnjən/
Definitions
- (n.) A statement by an auditor that they do not express an opinion on a financial statement due to inability to obtain sufficient appropriate evidence.
The auditor issued a disclaimer of opinion due to several unresolved discrepancies.
Forms
- disclaimer of opinion
Related terms
See also
Commentary
A disclaimer of opinion is used when auditors cannot form an opinion, distinct from qualified or adverse opinions; clarity in wording is crucial to reflect the auditor's non-expression of opinion accurately.
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