Adverse Opinion: An independent auditor's opinion expressing that a firm's financial statements do not reflect the company's position accurately. See also: Qualified opinion.

 

Related Words

Adverse Opinion: An independent auditor's opinion expressing that a firm's financial statements do not reflect the company's position accurately. See also: Qualified opinion.

Opinion Letter: A written document issued by government agencies used to provide a ruling on a particular issue.

Opinion Of Title: An opinion of the marketability of a title given by an attorney based on the abstract of title.

No-Observed-Adverse-Effect Level (NOAEL): The highest tested dose of a substance that has been reported to have no harmful (adverse) health effects on people or animals.

Lowest-Observed-Adverse-Effect Level (LOAEL): The lowest tested dose of a substance that has been reported to cause harmful (adverse) health effects in people or animals.

No Observable Adverse Effect Level (NOAEL): From long-term toxicological studies of agricultural chemical active ingredients, levels which indicate a safe, lifetime exposure level. Used in setting pesticide residue tolerances.

Opinion Shopping: Attempts by a corporation to attain reporting objectives by following questionable accounting principles, with the help of an auditor willing to sanction the practices. Prohibited by the SEC.

Qualified Opinion: An auditor's opinion expressing certain limitations of an audit.

Subject To Opinion: Contingent on execution of a trade because the picture in the stock has not been materially altered.

Unqualified Opinion: A dividend declared by the directors of a corporation that has not yet been paid.