subject to opinion

subject to opinion definition - business

subject to opinion

An audit opinion by a certified public accountant that a firm's financial statements are fairly presented subject to the outcome of an uncertain future event. A major lawsuit, the outcome of which could significantly affect the firm, may be unresolved at the time of the audit; such a situation is an example of a factor influencing the opinion.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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