A qualified auditor's report is:
A) allowed in all provinces.
B) allowed when the auditor deviates from generally accepted accounting principles.
C) a signal that the company has quality earnings
D) a signal that the statements may not fairly represent the company's financial position.

Question

Quizplus · Accepted Answer

A qualified auditor's report indicates that there may be issues with the financial statements that prevent the auditor from certifying them as completely accurate or compliant with generally accepted accounting principles (GAAP), suggesting they may not fairly represent the company's financial position.

A Qualified Auditor's Report Is