Question 5 07 What is the desired opinion of an Audit? Disclaimer Qualified Opinion Adverse Opinion...

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Answer 1

Answer #1

The desired opinion of an audit is Unqualified Opinion.

An Unqualified Opinion indicates that the financial statements reflect a true and fair view and there are no irregularities in financial statements.

A qualified opinion indicates that financial statements fairly reflect true and fair view except for certain issues.

An adverse opinion indicates that financial statements do not reflect true and fair view and there are irregularities in financial statements.

Disclaimer of opinion indicates that the auditor was unable to obtain sufficient audit evidence to form an opinion on financial statements.

Option D Unqualified Opinion is correct

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Answer 2

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