unqualified opinion definition

unqualified opinion

Independent auditor's declaration that he or she has no reservation in certifying that the audited firm's financial statements (1) adequately disclose material information, (2) present fairly its financial position, and (3) show results of its operations in conformity with the provisions GAAP. Also called clean opinion.

unqualified opinion is in the Accounting & Auditing and Banking, Commerce & Finance subjects.

unqualified opinion appears in the definitions of the following terms: auditor's qualified opinion, auditor's opinion and clean opinion

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