An auditor's opinion that the company's financial statements fairly represent the company's financial position, the results of its operations, and the change in cash flows for the period under audit, in conformity with generally accepted accounting principles is referred to as a(n) ________.
A) disclaimer of opinion
B) adverse opinion
C) qualified opinion
D) unqualified opinion

Question

Quizplus · Accepted Answer

An unqualified opinion is an auditor's opinion that the company's financial statements fairly represent the company's financial position, the results of its operations, and the change in cash flows for the period under audit, in conformity with generally accepted accounting principles. This is the best opinion a company can receive.

An Auditor's Opinion That the Company's Financial Statements Fairly Represent