AUDIT OPINION LETTER Definition

Bookmark and Share

AUDIT OPINION LETTER is a signed representation by an auditor as to the reliability and fairness of a set of financial statements. It is usually presented at the beginning of an audit report.

Learn new Accounting Terms

ACRS is Accelerated Cost Recovery System.

ASSURANCE has been defined by the American Institute of Certified Public Accountants (AICPA) as "Independent Professional Services that improve information quality or its context". Such services are very broad and could include assessments of various industries, e.g., Internet security or quality of health facilities.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.