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Matching for Classifications of Audit Opinions

An auditor's report is the formal presentation of all the effort that goes into an audit. Below is a list of the
classifications of audit opinions that can be found in an auditor's report as well as a list of phrases describing
the opinions.

Classifications of Audit Opinions

a. Unqualified opinion
b. Qualified opinion
c. Adverse opinion
d. Disclaimer of opinion

Phrases
_____1. This opinion states that the financial statements do not present fairly the financial position,
results of operations, or cash flows of the entity, in conformity with generally accepted accounting
principles.
_____2. This type of report is rendered when the auditor has not performed an audit sufficient in scope
to form an opinion.
_____3. This opinion states that, except for the effects of the matters to which the qualification relates,
the financial statements present fairly, in all material respects, the financial position, results of
operations, and cash flows of the entity, in conformity with generally accepted accounting principles.
_____4. This opinion states that the financial statements present fairly, in all material respects, the financial
position, results of operations, and cash flows of the entity, in conformity with generally
accepted accounting principles.

Solution Summary

The solution Matches the classifications of Audit Opinions with their definitions.

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