Opinion shopping

Opinion shopping is the practice of searching for an auditor that will issue an unqualified opinion on a company’s financial statements. By doing so, a business has a better chance of convincing creditors, lenders, and investors to give the firm funding, since these parties rely on the auditor’s opinion when making funding decisions. Opinion shopping is most common when a company has a strained relationship with its existing auditor, because the company is engaging in accounting practices with which the auditor disagrees.