A qualified auditor's opinion means that in the judgment of the auditor:
A)a number of substantive items on the financial statements are doubtful as to their ultimate outcome.
B)one, or only a few minor, items on the financial statements are doubtful as to their ultimate outcome.
C)all items on the financial statements are in conformity with GAAP.
D)the audit was not completed.
E)None of these choices are correct.

Question

Quizplus · Accepted Answer

A qualified opinion indicates that the auditor found one or a few minor issues with the financial statements, but overall they are fairly presented.

A Qualified Auditor's Opinion Means That in the Judgment of the Auditor