Most companies strive to receive an unqualified audit opinion.

Name: Most companies strive to receive an unqualified audit opinion.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An unqualified audit opinion means that a company's financial statements are presented fairly and in accordance with generally accepted accounting principles (GAAP). This is the goal for most companies because it indicates that there are no material misstatements or issues that need to be brought to the attention of investors, regulators, or other stakeholders.

Most Companies Strive to Receive an Unqualified Audit Opinion