Audit report includes the opinion of the auditor on the financial statements. Auditors provide their opinions based on the audit evidences obtained during the audit process . This audit opinion is communicated to the users of the financial statement in an audit report. The opinion of the audit may be unqualified, qualified or adverse. To choose: The case in which auditor would issue an unqualified audit report with no explanatory paragraph.

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Chapter 18, Problem 18.10MCQ

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Audit report includes the opinion of the auditor on the financial statements. Auditors provide their opinions based on the audit evidences obtained during the audit process. This audit opinion is communicated to the users of the financial statement in an audit report. The opinion of the audit may be unqualified, qualified or adverse.

To choose: The case in which auditor would issue an unqualified audit report with no explanatory paragraph.

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