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

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When an auditor expresses an unmodified opinion, it means that the financial statements present fairly the financial position, results of operations, and cash flows in accordance with GAAP. It does not indicate whether the company is doing well or would make a good investment, and it does not mean that the financial statements are completely free from error (although any errors that were found were not considered material enough to affect the overall fairness of the financial statements). If there were exceptions due to a departure from GAAP, the auditor would express a qualified or adverse opinion.

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