Which of the following statements best explains an unqualified report opinion?
A) The financial statements contain a departure from GAAP.
B) The auditor was unable to complete the work necessary to form a complete opinion.
C) The auditor was not aware of any reasons not to believe the statements are correct.
D) Based on the evidence obtained the auditor believes the statements are free of material error.
Correct Answer:
Verified
Q12: An external auditor is conducting an audit
Q14: Auditors try to achieve independence in appearance
Q16: A standard unqualified audit report should be
Q18: Although weblogs are a rapidly growing area
Q19: According to GAAS, the overall objective of
Q20: Auditors must still take responsibility for their
Q21: An assurance engagement is one in which
Q21: A report giving conclusions about a firm's
Q25: The CICA Handbook recommendations are a step-by-step
Q39: Practice standards are a general set of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents