An unqualified opinion is also known as a(n)
A) clean opinion.
B) adverse opinion.
C) unmodified opinion.
D) both a and c

Question

Quizplus · Accepted Answer

An unqualified opinion and a clean opinion are the same thing, and both refer to an opinion where the financial statements are presented fairly in accordance with the applicable accounting framework. An adverse opinion, on the other hand, means the financial statements are not presented fairly, and an unmodified opinion is the term used in auditing standards for an unqualified opinion. Therefore, choices A and C are both correct descriptions for an unqualified opinion.

An Unqualified Opinion Is Also Known as A(n)