Retrieve Auditor’s Name and Opinion for a Company

The hf_Auditor's_Report_aud._name_and_aud._op. function helps you quickly look up a company's auditor and their corresponding opinion within a given fiscal period. Whether you need confirmation of a clean audit or more nuanced details for a given year (and optionally a specific quarter or trailing twelve months), this function streamlines your workflow by retrieving the data directly in your Excel spreadsheet. Perfect for analysts, investors, auditors, or anyone looking to assess the level of confidence that external auditors place on a company’s financial statements.

Why Use This Function?

• Simplifies Auditor Details: This function consolidates the auditor’s name and opinion into a single cell for easier reference.
• Supports Multiple Periods: Choose a specific year and quarter, or even a trailing twelve-month range if supported, for more targeted insight.
• Efficient Company Analysis: Quickly confirm the auditor’s stance for compliance screening, risk analysis, or investment evaluation.
• Real-Time Updates: When connected with MarketXLS, your auditor data can update in real time as new reports become available.
• Easy Comparison: Pull data for multiple symbols side-by-side in Excel to compare different companies’ auditor reports at a glance.

How to Use in Excel

=hf_Auditor's_Report_aud._name_and_aud._op.(Symbol, year, [quarter], [TTM])

1. Type “=” in a cell and begin entering the function name: hf_Auditor's_Report_aud._name_and_aud._op.
2. Provide the stock Symbol and year as required parameters.
3. Optionally include a quarter number (1, 2, 3, or 4). By default, this parameter is set to "1" if you omit it.
4. Optionally add the TTM string (for trailing twelve months) if you want data spanning the last year instead of a specific quarter. If left blank, the function defaults to period-based retrieval.

Parameters Explained

Example Usage

Basic Examples

1. Retrieve Auditor’s Name and Opinion for a Single Year:
   =hf_Auditor's_Report_aud._name_and_aud._op.("AAPL", 2022)
   • This looks up Apple Inc.’s auditor data (both the name and opinion) for FY 2022.

2. Specify Company, Year, and Quarter:
   =hf_Auditor's_Report_aud._name_and_aud._op.("MSFT", 2023, 2)
   • Pulls the auditor name and opinion for Microsoft in Q2 of 2023.

3. Use Trailing Twelve Months (TTM):
   =hf_Auditor's_Report_aud._name_and_aud._op.("TSLA", 2023, 1, "TTM")
   • Attempts to retrieve Tesla’s recent trailing twelve-month auditor information if reported.

Advanced Scenarios

• Comparative Analysis Across Multiple Companies:

• Create a table listing different symbols (e.g., cell A2 = "AAPL", A3 = "GOOGL", A4 = "TSLA").
• In adjacent cells, use the function with varying quarters/TTM to compare each company’s audit quality side-by-side.

• Auditing Historical Trends:

• Use separate rows for multiple fiscal years and place the auditor results in consecutive columns. This yields a timeline of how the auditor’s opinion may have changed over time.

• Integration with Other Excel Functions:

• Combine hf_Auditor's_Report_aud._name_and_aud._op. with IFERROR to handle cases where data isn’t available. For example:
  =IFERROR(hf_Auditor's_Report_aud._name_and_aud._op.(A2, B2, C2, D2), "Data Not Available")

• Incorporating into a Trading or Risk Strategy:

• Some traders examine auditor opinions as part of fundamental screening. Use this function alongside other MarketXLS fundamental data formulas to build a robust financial dashboard.

Common Questions and Troubleshooting

1. Why is my cell returning “N/A” or an error?

   • Ensure your Symbol is valid and spelled correctly (e.g., “AAPL” not “APPLE”).
   • Confirm that MarketXLS data is updated and that the company has published an auditor report for that fiscal period.

2. Do I need to provide both quarter and TTM?

   • Typically, no. If you use TTM, you usually skip quarter or set it to a default, as TTM references a rolling twelve-month figure rather than a single quarter.

3. What about older years or missing data?

   • Auditor information for very old fiscal years or certain newly listed companies may not be available. Check the source or coverage of your MarketXLS data.

4. Can I automate updates with this function?

   • Yes. Once placed in a cell, MarketXLS updates the results based on the latest data feeds, ensuring you always have current auditor information.

Remember:

• Always verify you have the latest fundamentals in MarketXLS.
• Different filer types or certain over-the-counter (OTC) stocks might have limited or delayed auditor data.
• Experiment with quarter vs. TTM inputs to get the most relevant snapshot.
• Pair auditor name/opinion data with other MarketXLS functions to create powerful spreadsheets for auditing or investment analysis.