What is the most favorable audit opinion that a company can receive on its financial statements?...

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What is the most favorable audit opinion that a company can receive on its financial statements? Multiple Choice Ο Adverse op

business accounting

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Answer : B = Unqualified Opinion.

>> Adverse opinion is given which Financial statement has not true and fair.

>> Disclaimer opinion is given there is an doubt that whether the financial statement has true and fair or not, it occur when unable to get sufficient and appropriate evidence.

>> Qualified opinion is given when there is some misstatements in financial statement.

>> Unqualified opinion means the financial statements are true and fair from all misstatements. This opinion is best opinion for the organisation/company.

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Answer 2

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What is the most favorable audit opinion that a company can receive on its financial statements?...

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