In most audits, the auditor issues a(n)
A) modified opinion audit report.
B) standard unmodified opinion audit report.
C) scope limited audit report.
D) adverse audit report.

Question

Quizplus · Accepted Answer

The standard unmodified opinion audit report is the most commonly issued report in audits. This report indicates that the financial statements are presented fairly, in all material respects, in accordance with the applicable financial reporting framework. Modified opinion reports (A, C, D) are issued when there are significant issues with the financial statements or limitations in the scope of the audit.

In Most Audits, the Auditor Issues A(n)