What is an audit opinion?
A)Prepared by management, this is a written evaluation of the quality of work done by the independent accountants.
B)Prepared by the independent accountants, this is a written evaluation of the company's financial statements.
C)Prepared by management, this is a written evaluation of the quality of work done by the internal accountants.
D)Prepared by the independent accountants, this is a written evaluation of the goods or services offered for sale by the company.

Question

Quizplus · Accepted Answer

An audit opinion is a written evaluation of the company's financial statements prepared by the independent accountants. It provides an assessment of the accuracy and reliability of the financial information presented in the statements. The opinion can be unqualified, qualified, adverse, or a disclaimer of opinion, depending on the auditor's findings during the audit process.

What Is an Audit Opinion