audit opinion report

An audit opinion report is a formal document prepared by an independent auditor after examining a company's financial statements. It assesses whether these statements accurately reflect the company's financial position and comply with accounting standards. The report usually contains one of four opinions: unqualified (clean), qualified (with exceptions), adverse (misleading), or disclaimer (unable to assess). Essentially, it offers stakeholders—like investors or regulators—an informed judgment about the trustworthiness of the company's financial information, helping them make better decisions.