What is an Unaudited Opinion?

Unaudited opinions are evaluations that are made by financial experts, such as a Certified Public Accountant. However, these evaluations are not the result of a thorough examination of all pertinent financial records associated with a company or organization. Generally, the CPA will consider broad information regarding the financial status of the entity, and base his or her opinion on those broad assumptions. An unaudited opinion is not considered a financial tool that is used in place of an audit, but rather an excellent means of obtaining some general recommendations from the CPA. Because an unaudited opinion is not prepared from an intensive evaluation of the finances of the organization, there is often some variance in how CPAs will go about providing his or her opinion. Some finance professionals may respond only after making a cursory look at the records of the entity, while others may simply ask a series of questions and go by the answers provided. An unaudited opinion may be ...  more