A company issuing financial statements would most prefer to receive an auditor's opinion that is:
A)qualified.
B)adverse.
C)a disclaimer.
D)either qualified or unqualified.
E)unqualified.

Question

Quizplus · Accepted Answer

An unqualified auditor's opinion indicates that the financial statements present fairly, in all material respects, the financial position of the company. This is the most favorable opinion a company can receive, as it suggests the financial statements are free from material misstatement and are in accordance with the applicable financial reporting framework.

A Company Issuing Financial Statements Would Most Prefer to Receive