The phrase "auditor opinion" is correct and usable in written English.
It is typically used in the context of financial statements or audits to refer to the formal assessment provided by an auditor regarding the accuracy and fairness of financial reports.
Example: "The auditor opinion indicated that the financial statements presented a true and fair view of the company's financial position."
Alternatives: "audit opinion" or "auditor's report".
We recommend that Ofgem should require the six largest vertically integrated companies to implement BDO' recommendations 1 (publishing statements to the same year-end), 2 (independent auditor opinion on statements), and 4 reporting of trading function results).
Alternatively, we set PENALTY equal to 1 if the firm had a non-clean auditor opinion in the previous year, and zero otherwise.
These can range from merely interesting nuggets such as amounts of office space rented, to huge boulders such as auditor opinion that the company won't survive.
Hence, going-concern reservations were expressly stated in the auditors' opinion despite the fact that other utilities in similar straits showed no such reservations from their new auditors.
Emirates' final filing briskly dismissed the self-dealing question: "[T]he allegation regarding related party transactions was never documented and has been definitively contradicted by Emirates independent auditors' opinion".
But it would be difficult to document the allegation when, as noted above, Emirates continues to stonewall on details: their "independent auditors' opinion" provided no substance, nothing that would meet IFRS International Financial Reporting Standardss) criteria for completeness and transparency.
That is why, they say, auditors' opinions routinely state only that a client's finances are "fairly represented" in a financial statement.
The Xtreme Financial Accounting Standards Board will add pep to bean-counting by demanding that corporate annual reports contain photos of scantily clad women and that qualified auditors' opinions use slightly saltier language, such as: "Having reviewed the pertinent materials, we conclude that this company just like totally bites".
The Xtreme Financial Accounting Standards Board will add pep to bean-counting by demanding that corporate annual reports contain photos of scantily clad women and that qualified auditors' opinions use slightly saltier language, such as: "Having reviewed the pertinent materials, we conclude that this company just like totally bites". Xtreme CPAs will have names like Stone Cold Steve Padgett-Smythe.
Until Enron imploded, most investors still held the view that an auditor's opinion was exactly that: an opinion of the company's financial position gleaned from the scrutiny of its books.
The auditor's opinion is, after all, based on samples of data.
