Audit Opinion
What is Audit Opinion?
The auditor's formal conclusion about whether the subject matter conforms to applicable criteria, expressed as unqualified, qualified, adverse, or disclaimer.
Frameworks that govern audit opinion
What the standards actually require on audit opinion
Requirements naming audit opinion across this standard, quoted from the control text.
Per PCAOB AS 2201 paragraphs 70, 85-90: report on ICFR. Requirements include (a) determine Impact on Audit Opinion based on deficiency conclusions + material weakness findings + scope limitations + (b) issue Opinion on ICFR addressing whether the company maint...
ASTWO-8 · ICFR Opinion, Basis, Definition, Limitations, Combined vs Separate Reports →Questions people ask about audit opinion
What is Audit Opinion?
The auditor's formal conclusion about whether the subject matter conforms to applicable criteria, expressed as unqualified, qualified, adverse, or disclaimer.
Why is Audit Opinion important for compliance?
Audit Opinion is a key concept in Audit and Assurance. Understanding audit opinion helps organizations meet regulatory requirements, reduce risk, and demonstrate due diligence during audits. Our compliance platform maps 686 frameworks with 311K cross-framework control mappings.
Which compliance frameworks address Audit Opinion?
Audit Opinion appears in the requirement text of PCAOB AS 2201 - Audit of Internal Control Over Financial Reporting (ICFR). Across these standards we have identified 1 control that names it directly, each linked to the control text on the compliance platform.
Where can I learn more about Audit Opinion?
Explore our compliance framework pages to see how audit opinion applies across different standards and regulations. Our implementation guides provide step-by-step guidance, and the compliance platform offers AI-powered analysis of how this concept maps across 686 frameworks.
See how Audit Opinion applies across compliance frameworks
Our platform maps 686 frameworks with 311K cross-framework control mappings. Explore how this concept is addressed across standards.
Written and maintained by Gerard Blokdyk, The Art of Service.