An Auditing Opinion That Is an Unqualified (Clean) Opinion Indicates

question 111

Multiple Choice

An auditing opinion that is an unqualified (clean) opinion indicates that the company's:

• A) statements are presented in accordance with GAAP and that the financial statements are reliable.
• B) statements are presented accordance with GAAP and can be sent to the Internal Revenue Service.
• C) employees are all bonded (if required).
• D) management is acting with the utmost responsibility and proper internal control is in place.

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Definitions:

Noncompliant

A description of behavior where individuals fail or refuse to follow prescribed guidelines, treatments, or advice.

Support System

A network of individuals, resources, and organizations that provide emotional, social, and practical assistance.

Rheumatoid Arthritis

A chronic autoimmune disease characterized by inflammation of the joints, leading to pain, swelling, stiffness, and potential loss of function.

Denial Stage

A phase of the grieving process where the individual refuses to accept the reality of loss, serving as a defense mechanism against emotional pain.