Which of the following statements best describes what is meant by an unqualified audit opinion?
a. Issuance of an unqualified auditor's report indicates that in the auditor's opinion the client's financial statements are not fairly enough presented in accordance with agreed-upon criteria to qualify for a clean opinion
b. Issuance of an unqualified auditors report indicates that the auditor is not qualified to express an opinion that the client's financial statements are fairly presented is accordance with agreed-upon criteria
c. Issuance of an unqualified auditor's report indicates that the auditor is expressing different opinions on each of the basic financial statements regarding whether the client's financial statements are fairly presented in accordance with agreed upon criteria
d. Issuance of an unqualified auditor's report indicates that in the auditor's opinion the client's financial statements are fairly presented in accordance with agreed-upon criteria, with no need for the inclusion of qualifying phrases
Ans: d. Issuance of an unqualified auditor's report indicates that in the auditor's opinion the client's financial statements are fairly presented in accordance with agreed-upon criteria, with no need for the inclusion of qualifying phrases
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Billy has decided that he can raise the price on the Curious t-shirt by 10% without losing sales. If he raises the price, his profits will:
A) increase by 10%. B) decrease by 10%. C) increase by $2.50. D) increase by $125.
Investing activities involve obtaining resources as a borrower and repaying creditors
Indicate whether the statement is true or false