A clean audit opinion is the same as a qualified audit opinion.

Question

Quizplus · Accepted Answer

A clean audit opinion is also known as an unqualified audit opinion, which means that the auditor found no material misstatements in the financial statements and that they are presented fairly in accordance with the relevant accounting standards. A qualified audit opinion, on the other hand, means that the auditor found some material misstatements in the financial statements or that they could not obtain sufficient evidence to support some aspects of the financial statements. Therefore, a clean audit opinion and a qualified audit opinion are not the same.

A Clean Audit Opinion Is the Same as a Qualified