Which one of the following is the most favorable opinion an auditor can give a company following an audit?
A) an unqualified opinion
B) a disclaimer of opinion
C) an adverse opinion
D) a qualified opinion

Question

Quizplus · Accepted Answer

An unqualified opinion is the most favorable opinion an auditor can give to a company, indicating that the financial statements are presented fairly and in accordance with the generally accepted accounting principles. A disclaimer of opinion suggests that the auditor was unable to obtain enough evidence, an adverse opinion indicates that the financial statements are materially misstated, and a qualified opinion suggests that there was a limitation in scope or a departure from the GAAP.

Which One of the Following Is the Most Favorable Opinion