Which auditors' opinion is most desired and means that the financial statements are presented fairly in accordance with GAAP?
A) Adverse opinion
B) Qualified opinion
C) Unqualified opinion
D) Disclaimer of opinion

Question

Quizplus · Accepted Answer

An unqualified opinion means that the auditor believes the financial statements are fairly and appropriately presented, without any identified exceptions, and in accordance with the Generally Accepted Accounting Principles (GAAP). This is the most desired type of auditor's opinion.

Which Auditors' Opinion Is Most Desired and Means That the Financial