In an unqualified opinion, the auditing firm expresses that the company's:
A)financial statements are in conformity with U.S. GAAP.
B)financial statements present fairly, in all material respects, the company's financial position as of the end of the accounting period and results of operations for a period of time.
C)financial statements provide substantial evidence that the company is a safe investment.
D)A and B

Question

Quizplus · Accepted Answer

An unqualified opinion is the most favorable type of audit opinion. It means that the auditor has found no material misstatements in the financial statements and that the financial statements are presented fairly, in all material respects, in accordance with U.S. GAAP.

In an Unqualified Opinion, the Auditing Firm Expresses That the Company's