When the financial statements present fairly, in all material respects, the financial position, results of operations, and cash flows of an entity in conformity with generally accepted accounting principles, the auditor should issue an):
A)Adverse opinion
B)Explanatory language opinion
C)Qualified opinion
D)Clean opinion

Question

Quizplus · Accepted Answer

A clean opinion means that the financial statements are presented fairly and in accordance with generally accepted accounting principles. This is the best opinion that an auditor can give to a client.

When the Financial Statements Present Fairly, in All Material Respects