The most favorable audit opinion that a company can receive is a(n):
A)adverse opinion
B)unqualified opinion
C)disclaimer of opinion
D)qualified opinion

Question

Quizplus · Accepted Answer

An unqualified opinion, also known as a clean opinion, is the most favorable audit opinion a company can receive. It means that the auditor has reviewed the company's financial statements and found them to be free from material misstatements and in compliance with accounting standards. Adverse opinions, disclaimer of opinions, and qualified opinions are all unfavorable opinions that indicate problems or limitations with the company's financial statements.

The Most Favorable Audit Opinion That a Company Can Receive