AUDITING+ASSURANCE SERVICES (LL)
AUDITING+ASSURANCE SERVICES (LL)
11th Edition
ISBN: 9781266448119
Author: MESSIER
Publisher: MCG
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Chapter 7, Problem 7.27MCQ
To determine

Introduction:

An unqualified report is an independent auditor’s in which auditor gives reasonable assurance that entity’s financial statements represent true and fair view and accounts are in compliance with GAAP.

An adverse opinion is a modified opinion indicating that financial statements are misrepresented, misstated and do not accurately represents financial position and performance of an entity.

Disclaimer of opinion is statement made by auditor that no opinion is being given on financial statements or client restricted the scope of examination so no opinion can be formed, etc. It basically states that auditor doesn’t lay any sort of opinion.

To explain: Type of Audit Opinion

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