Opinion shopping
A practice prohibited by the sec which involves attempts by a corporation to obtain reporting objectives by following questionable accounting principles with the help of a pliable auditor willing to go along with the desired treatment. |
Similar financial terms
Subject to opinionAn auditor's opinion reflecting acceptance of a company's financial statements subject to pervasive uncertainty that cannot be adequately measured, such as information relating to the value of inventories, reserves for losses, or other matters subject to judgment.
Clean opinion
An auditor's opinion reflecting an unqualified acceptance of a company's financial statements.
Shopping
Seeking to obtain the best bid or offer available by calling a number of dealers and/or brokers.
