WHAT IS A CLEAN OPINION?

What does a clean opinion mean?  A clean opinion can be defined as an unqualified independent auditor’s report, the clean report, issue for the organization’s financial statements. This kind of report confirms that the financial statements of the company do...

What is Piecemeal Opinion?

What is the meaning of piecemeal opinion in auditing? Piecemeal opinion can be defined as a report which is issued by an external auditor, whereby the auditor states an opinion about certain line items inside the client’s financial statements. The piecemeal...

Unqualified audit report: Why is it important?

Overview Entity’s financial statements are normally audited annually by an independent audit firm as per management’s intention, the board’s requirement, and or by law. Big four audit firms are the well-known auditors that provided audit services. Basically, if...