| כלל. |
opinion letter (Letter issued by a certified public accountant to accompany financial statements. The opinion letter has two parts. One describes the scope of the accountant's work in the preparation and testing, if any, related to the preparation of the financial reports covered by the letter. The other provides the accountant's opinion regarding the fairness, accuracy, and conformity with GAAP of the financial statements. Accountant's opinions are categorized as unqualified, qualified, disclaimer, or adverse depending upon the nature of the comments in the letter. See adverse opinion, disclaimer opinion, qualified opinion and unqualified opinion. American Banker Glossary A legal opinion from lawyers on a discrete matter which will be relied on by another party. For example, an opinion letter in a foreign jurisdiction as to whether an agreement is valid and enforceable in that jurisdiction and complies with local law. PLG Alexander Demidov) |
