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?© BrainMass Inc. brainmass.com June 4, 2020, 2:58 am ad1c9bdddf
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 ...
Solution includes unqualified, qualified, disclaimer, and adverse opinions.