Auditor's report

An auditor's report is a statement from an independent accounting firm confirming whether a company's financial statements have been reviewed and fairly represent its financial position, in accordance with the applicable accounting standards. It is included in a company's annual report and 10-K.

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.