Clean opinion definition
/What is a Clean Opinion?
A clean opinion is an unqualified auditor’s report regarding an entity’s financial statements . Such a report indicates the auditor’s belief that the entity’s financial statements fairly present its financial results, financial position , and cash flows . When an auditor does not believe that this is the case, a qualified opinion , adverse opinion , or disclaimer of opinion is issued. The investment community and lenders are usually only willing to invest funds in a business that has been accorded a clean opinion.
