Opinion Shopping

A company's action of searching for an auditor who will give a positive opinion of the company's accounting practices (even though they might not deserve it).

As you can imagine, this is highly illegal.

Investment dictionary. . 2012.

Look at other dictionaries:

  • opinion shopping — Gen Mgt the practice of searching for an auditor whose views are in line with those of a company being audited. Opinion shopping can take place when a company is about to be audited and has recently undertaken questionable dealings. Auditors are… …   The ultimate business dictionary

  • OPINION SHOPPING — сомнительная практика смены внешних аудиторов до тех пор, пока найдется тот, который даст заключение,не соответствующее истине (accountants opinion) …   Финансово-инвестиционный толковый словарь

  • Opinion shopping — A practice prohibited by the SEC which involves attempts by a corporation to obtain reporting objectives by following questionable accounting principles with the help of a pliable auditor willing to go along with the desired treatment. The New… …   Financial and business terms

  • opinion shopping — Attempts by a corporation to attain reporting objectives by following questionable accounting principles, with the help of an auditor willing to sanction the practices. Prohibited by the SEC. Bloomberg Financial Dictionary …   Financial and business terms

  • opinion shopping — A colloquial name for the practice of seeking an auditor who will approve a company s accounting policies …   Accounting dictionary

  • opinion shopping — /ə pɪnjən ˌʃɒpɪŋ/ noun the practice of trying to find an auditor who interprets the law in the same way that the company does, is likely to view the company’s actions sympathetically and will approve the company’s financial statements, even if… …   Marketing dictionary in english

  • Shopping and Fucking — Mark Ravenhill s first full length play, Shopping and Fucking (sometimes billed as Shopping and F**king ), was a co production by Out of Joint and the Royal Court Theatre. It was performed in 1996 at the Royal Court Upstairs (located temporarily… …   Wikipedia

  • Mystery shopping — Marketing Key concepts Product marketing · Pricing …   Wikipedia

  • Pruneyard Shopping Center v. Robins — NOTOC Infobox SCOTUS case Litigants=Pruneyard Shopping Center v. Robins ArgueDate=March 18 ArgueYear=1980 DecideDate=June 9 DecideYear=1980 FullName=Pruneyard Shopping Center v. Robins USVol=447 USPage=74 Citation=100 S.Ct. 2035; 64 L.Ed.2d 741… …   Wikipedia

  • Personal shopping assistants — are employees in some retail stores that can help busy people shop. Many times, a customer can call a personal shopping assistant and the shopping assistant will have a selection of products already lined up when they enter the store. London has… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.