auditor's report

A section of an annual report that includes the auditor's opinion about the veracity of the financial statements. Bloomberg Financial Dictionary
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All companies above a certain size are required to have their financial statements audited ( i.e. checked for truth and fairness) by a registered auditor. The auditor prepares a report which is attached to the financial statements stating his opinion as to whether or not the financial statements give a true and fair view of the company's results and financial position. Dresdner Kleinwort Wasserstein financial glossary

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auditor's report auditor's report report1

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auditor's report UK US noun [C] (also audit report) ACCOUNTING
a formal document that states an auditor's judgment of a company's accounts: »

According to an independent audit report, their accounting system is deeply flawed.


Financial and business terms. 2012.

Look at other dictionaries:

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  • Auditor's Report — Recorded in the annual report, the auditor s report tests to see that a corporation s financial statements comply with GAAP. This is sometimes referred to as the clean opinion. Most auditor s reports consist of three paragraphs. The first states… …   Investment dictionary

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  • auditor’s report — Fin a certification by an auditor that a firm’s financial records give a true and fair view of its profit and loss for the period …   The ultimate business dictionary

  • Auditor’s Report, The — A U.S. auditing newsletter. Published quarterly by the * American Accounting Association, the newsletter focuses on academic and professional developments in auditing. Web link: http://accounting.rutgers.edu/raw/aaa/audit/auditorsreport.htm …   Auditor's dictionary

  • qualified auditor’s report — Fin see adverse opinion …   The ultimate business dictionary

  • report — Written or oral confirmation that all or part of one s order has been executed, including the price and size parameters of the trade being reported; often followed by a fresh picture. Bloomberg Financial Dictionary A premium on carrying over a… …   Financial and business terms

  • Auditor independence — refers to the independence of the auditor from parties, that have an interest in the financial statements of an entity. It is essentially an attitude of mind characterized by integrity and an objective approach to the audit process. The concept… …   Wikipedia

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