If the financial statements are not materially misstated for a nonpublic company, the auditor should give a(an):
A) Unmodified opinion
B) Modified opinion
C) Adverse opinion
D) Qualified opinion

Question

Quizplus · Accepted Answer

If the financial statements are not materially misstated for a nonpublic company, the auditor should give an unmodified opinion. This means that the financial statements are in accordance with the applicable accounting framework and fairly present the financial position, results of operations, and cash flows of the company as of the end of the reporting period.

If the Financial Statements Are Not Materially Misstated for a Nonpublic