Audit opinion

Auditors' reports on annual accounts.

An auditors opinion is part of an auditors' report on a company’s audited financial statements.

The audit opinion will generally report on whether the financial statements – among other things:

• Present a true and fair view of the state of affairs of the company (or other entity being reported on), its profit or loss and its cash flows.
• Have been properly prepared in accordance with relevant financial reporting standards.
• Have been prepared in accordance with relevant company law.

See also

• Accounts
• Audit
• Audit trail
• Auditor
• Auditors’ report
• Company law
• Directors report
• Directors' responsibilities statement
• Financial reporting
• Financial statements
• Qualified audit report
• Reporting entity
• Shareholders
• True and fair view