An Unqualified (Or Clean) Opinion Issued by an External Auditor

question 24

Multiple Choice

An unqualified (or clean) opinion issued by an external auditor means:

• A) the financial statements are reliable, except for one or more items stated in the third paragraph
• B) the financial statements are unreliable
• C) the auditor was unable to reach a professional opinion
• D) the statements are reliable

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Definitions:

Proof of Service

A document filed with a court that details the delivery of legal papers to another party in accordance with the law.

Default Judgment

A court decision in favor of the plaintiff when the defendant fails to respond or appear in court.

Plaintiff

An individual or entity who initiates a lawsuit against another party in a court of law.

FRCP 8(b)

A rule in the Federal Rules of Civil Procedure related to the requirements for responding to a pleading.