The audit opinion issued when the financial statements are fairly presented without exception is the:
A)disclaimer of opinion.
B)qualified opinion.
C)adverse opinion.
D)unqualified opinion.

Question

Quizplus · Accepted Answer

An unqualified opinion is issued when the financial statements are fairly presented without exception. A disclaimer of opinion is issued when the auditor is unable to obtain sufficient evidence to provide an opinion, a qualified opinion is issued when the financial statements have exceptions or limitations, and an adverse opinion is issued when the financial statements are misleading or inaccurate.

The Audit Opinion Issued When the Financial Statements Are Fairly