Company analysis
What is auditor report?
An independent accountant opinion on whether the accounts are fair.
Explained in more detail
A clean report says nothing significant was wrong. A qualified opinion, an emphasis of matter, or an auditor resigning mid-year are among the strongest warning signals available to an ordinary investor.
An example
For instanceAn auditor unable to verify a large receivable would qualify the report.
Why this matters to you
You will meet this word in broker apps, company results and market news. Knowing what it means is not the goal on its own. The goal is being able to judge whether a number is good or bad for the investment you are actually holding.
On AlphaVik, any time auditor report appears in a view or a lesson, you can hover or tap the word and this explanation comes with it. You never have to leave the page to look something up.