An audit opinion stating that the statements are presented in accordance with GAAP and that the financial statements are reliable is known as a(n):

Question

Quizplus · Accepted Answer

An unqualified opinion is an audit opinion stating that the financial statements are presented in accordance with Generally Accepted Accounting Principles (GAAP) and that they are reliable. This is the best opinion a company can receive from its auditors.

An Audit Opinion Stating That the Statements Are Presented in Accordance