If a Company Receives an Unqualified Audit Opinion It Means

question 37

Multiple Choice

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

• 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 will remain financially viable for at least the next year.
• 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's financial statements are free from misstatement, fraudulent accounting and fairly indicate future performance.

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Definitions:

Organization's Members

Individuals who are part of a group, company, or institution and contribute to its culture, goals, and activities.

Potential Value

The inherent or future worth that can be derived from an asset, individual, or idea, based on its possible benefits or outcomes.

Planned Change Efforts

Refers to deliberate and systematic efforts undertaken by organizations to improve processes or alter their course of operation.

Key Source Of Energy

A primary or significant origin from which energy is obtained, affecting energy consumption and sustainability practices.