An audit report that contains the opinion that the financial statements are true and fair and comply with the accounting standards is described as:
A)a qualified report.
B)an authorised report.
C)a quantified report.
D)an unqualified report.

Question

Quizplus · Accepted Answer

An unqualified report is a positive audit opinion that the financial statements are presented fairly and in accordance with the relevant accounting standards. It is the best possible report that a company can receive from an auditor, as it provides assurance to investors and other stakeholders that the financial statements are reliable and trustworthy.

An Audit Report That Contains the Opinion That the Financial