An unqualified opinion is the least favorable opinion an auditor can give.

Question

Quizplus · Accepted Answer

An unqualified opinion is actually the most favorable opinion that an auditor can give. It means that the auditor has reviewed the financial statements and found no material misstatements, and that the financial statements provide a fair and accurate representation of the organization's financial position and performance. A qualified opinion, on the other hand, means that the auditor has found one or more material misstatements that affect the accuracy and completeness of the financial statements.

An Unqualified Opinion Is the Least Favorable Opinion an Auditor