The qualified opinion is the most favorable opinion that can be expressed by an independent auditor.

Question

Quizplus · Accepted Answer

The qualified opinion is actually a type of adverse opinion, which means that the auditor has identified significant issues or limitations with the financial statements but still believes that they are fairly presented overall. The most favorable opinion that an independent auditor can give is an unqualified opinion, which means that the financial statements are presented fairly in all material respects.

The Qualified Opinion Is the Most Favorable Opinion That Can