An example of an unmodified audit opinion is
A) qualified audit opinion.
B) adverse audit opinion.
C) unqualified audit opinion with an emphasis of matter.
D) none of the above

Question

Quizplus · Accepted Answer

An unmodified audit opinion is also known as a clean or standard opinion, where the auditor concludes that the financial statements are free from material misstatements and fairly represent the company's financial position. An unqualified audit opinion with an emphasis of matter refers to a situation where the auditor adds an additional paragraph to draw the reader's attention to a specific matter, such as a significant event, uncertainty or a change in accounting principle, but does not affect the overall opinion of the financial statements. Therefore, option C is the correct answer. Option A is incorrect because a qualified opinion indicates that the financial statements contain material misstatements, but not to the extent that it requires an adverse opinion. Option B is incorrect because an adverse opinion signifies that the financial statements are materially misstated and do not accurately represent the company's financial position. And option D is incorrect because there has to be at least one correct option.

An Example of an Unmodified Audit Opinion Is