If an independent auditing firm expresses dissatisfaction with a company's financial statements, it issues:
A)A qualified opinion.
B)An unqualified opinion.
C)A disqualified opinion.
D)A rejection of opinion.

Question

Quizplus · Accepted Answer

If an independent auditing firm expresses dissatisfaction with a company's financial statements, it issues a qualified opinion. This means that while the auditors have found some issues with the financial statements, they believe that they are overall fairly presented, but with certain exceptions. It is important to note that a qualified opinion is still a form of opinion, however, it alerts readers that there may be certain caveats or limitations to the information presented in the financial statements.

If an Independent Auditing Firm Expresses Dissatisfaction with a Company's