Auditor's report
An auditor's report is a statement from an independent accounting firm, after auditing a company's financial statements, giving its opinion on whether they fairly represent its financial position, in accordance with the applicable accounting standards. It is included in a company's and .
A clean, unqualified audit opinion is the normal, expected outcome. A qualified opinion, where the auditor flags specific concerns or exceptions, is comparatively rare and is generally treated as a serious warning sign worth investigating further. Stronger warnings still are an adverse opinion, where the auditor concludes the statements are materially misstated, a disclaimer of opinion, where the auditor could not gather enough evidence to form a view at all, and a going concern warning, where the auditor flags substantial doubt that the company can keep operating over the coming year.