Definition of "except for" opinion

one of the two qualified opinions that an auditor can render. The auditor attests that the financial statements present the financial position fairly except for repercussions caused by conditions requiring disclosure. There may be a scope limitation in the auditor's work due to factors beyond the auditor's control or due to client restrictions that prevent the CPAfrom gathering objective and verifiable evidence in support of transactions and events. An example is the inability to confirm accounts receivable. There may exist a lack of conformity of the financial statements to gaap.