A(n)_____ opinion is issued if an external auditor does not find any problems with the way a firm prepares and presents its financial statements.
A)quality
B)unqualified
C)adverse
D)corrective

Question

Quizplus · Accepted Answer

An unqualified opinion is issued when an external auditor does not find any problems with the way a firm prepares and presents its financial statements. This is the best possible outcome from an audit, indicating that the financial statements are free from material misstatement and comply with generally accepted accounting principles. A quality opinion does not exist in auditing terminology. An adverse opinion is issued when the financial statements are materially misstated, while a corrective opinion is not a recognized term in auditing.

A(n)_____ Opinion Is Issued If an External Auditor Does Not