When an auditor expresses an unqualified opinion about a company's financial statements, it means that the financial statements

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An unqualified opinion means that the auditor believes the financial statements have been prepared in accordance with GAAP and fairly present the financial position, results of operations, and cash flows of the company. It does not mean that the company is doing well or that the financial statements are free from error, but rather that the auditor did not identify any material misstatements or departures from GAAP. If there were exceptions, the auditor would issue a qualified or adverse opinion.

When an Auditor Expresses an Unqualified Opinion About a Company's