The type of audit report that means that auditors have done enough work to reach an opinion, and that the auditors believe the financial statements are fairly stated, is called
A) An unqualified report
B) A qualified report
C) A facts and circumstances report
D) A quality compliance certification

Question

Quizplus · Accepted Answer

An unqualified report, also known as a clean opinion, means that the auditors have done enough work to reach an opinion and believe that the financial statements are fairly stated in accordance with accounting standards. This is the best possible outcome for a company's audit report.

The Type of Audit Report That Means That Auditors Have