An unmodified opinion is expressed by the auditor when the auditor concludes the financial statements are presented fairly, in all material respects.

Question

Quizplus · Accepted Answer

An unmodified opinion is also known as a clean opinion, and it means that the auditor has concluded that the financial statements are presented fairly, in all material respects, in accordance with the applicable financial reporting framework. This is the best possible outcome for an audit, indicating that the auditor has found no material misstatements or inconsistencies in the financial reporting.

An Unmodified Opinion Is Expressed by the Auditor When the Auditor