The issuance of an unqualified opinion means that the company's financial statements are not in conformity with GAAPs.

Question

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The issuance of an unqualified opinion means that the auditor has reviewed the company's financial statements and found them to be in accordance with Generally Accepted Accounting Principles (GAAP). If the financial statements were not in conformity with GAAP, the auditor would issue a qualified or adverse opinion.

The Issuance of an Unqualified Opinion Means That the Company's