Unqualified Opinion
/ʌnˈkwɒlɪfaɪd əˈpɪnjən/
Definitions
- (n.) A professional auditor's report stating that the financial statements present fairly, in all material respects, the company's financial position and results, without any reservations or exceptions.
The auditor issued an unqualified opinion, indicating the financial statements were free of material misstatements.
Forms
- unqualified opinion
- unqualified opinions
Related terms
See also
Commentary
An unqualified opinion is often referred to as a 'clean opinion' and signals auditor confidence; drafters should note its significance in financial and legal disclosures.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.