To issue an unqualified opinion, the auditor goes through a series of steps:
Planning: The auditor plans the audit, including identifying key areas of risk. Testing Internal Controls: The auditor evaluates the effectiveness of the company's internal controls. Substantive Testing: The auditor examines financial transactions and balances to ensure accuracy. Review and Evaluation: The auditor reviews the findings and evaluates whether the financial statements are free from material misstatements. Reporting: If satisfied, the auditor issues an unqualified opinion in the audit report.