Answered: Pick correct option : If a company…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Pick correct option : If a company receives an unqualified audit opinion it means the auditors:

Group of answer choices

a) did not complete a full audit and therefore do not feel qualified to give an opinion on financial statements.

b) are providing assurance that the company's financial statements are free from misstatement, fraudulent accounting and fairly indicate future performance.

c) are providing assurance that the company's financial statements fairly present company's financial performance and position.

d) are providing assurance that the company will remain financially viable for at least the next year.

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