Piecemeal Opinion
Barron's Accounting Dictionary:
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Piecemeal Opinion
External auditor's opinion regarding the fairness of presentation of specific financial statement items. A piecemeal opinion is not permitted anymore under generally accepted auditing standards (gaas). It was previously used in some cases where a disclaimer or adverse opinion was involved on the financial statements as a whole.
| Physical Verification, Physical Inventory, Phishing | |
| Plan-Do-Check Act Cycle (PDCA), Planning, Plant Asset |
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Barron's Accounting Dictionary
Dictionary of Accounting Terms. Copyright © 2010 by Barron's Educational Series, Inc. All rights reserved.
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