reportorial opinions

Reportorial opinions are professional assessments provided by auditors or experts during an examination or review of financial statements or systems. They express whether the information is presented fairly and accurately, based on established standards or criteria. These opinions can be unqualified (clean and positive), qualified (with reservations), adverse (misleading or incorrect), or a disclaimer (unable to form an opinion). They help users like investors or regulators understand the reliability of the information, serving as a critical tool for decision-making and ensuring transparency and accountability in financial reporting.