When auditors conclude that a company's financial statements conform to GAAP,the audit report is said to be:
A)validated.
B)qualified.
C)relevant.
D)unqualified.

Question

Quizplus · Accepted Answer

When auditors conclude that a company's financial statements conform to GAAP, the audit report is said to be unqualified. This means that the auditors have not found any material misstatements or discrepancies in the financial statements and therefore have no reservations about their accuracy and completeness.

When Auditors Conclude That a Company's Financial Statements Conform to GAAP,the