The standard unqualified audit report:
A)is sometimes called a clean opinion.
B)can be issued only with an explanatory paragraph.
C)can be issued if only a balance sheet and income statement are included in the financial statements.
D)is sometimes called a disclaimer report.

Question

Quizplus · Accepted Answer

The standard unqualified audit report is sometimes referred to as a "clean opinion" because it states that the financial statements are fairly presented in all material respects. This type of report is issued when the auditor has no significant concerns or issues with the financial statements.

The Standard Unqualified Audit Report