Purchase Solution

Four Types of Auditor Opinions

Not what you're looking for?

Ask Custom Question

Auditors cannot say that the books have been done 100% correctly because they cannot possibly look over every part of them. They instead give an opinion based on a sampling of the information - if the samples check out then they can give an unqualified opinion - which is the best that you can get. What are some other types of opinions? Why would a company get one of those opinions?

Purchase this Solution

Solution Summary

Solution includes unqualified, qualified, disclaimer, and adverse opinions.

Solution Preview

An independent auditor is contracted to provide an audit opinion for a company's financial statements. The opinions provided are as follows:

1) Unqualified opinion. The highest type of opinion provided, it translates to fairly presented, error free ...

Purchase this Solution


Free BrainMass Quizzes
Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

Six Sigma for Process Improvement

A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.

IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.