financial audit

What are the Outcomes of a Financial Audit?

The main outcomes of a financial audit are:
- Unqualified Opinion: The financial statements are accurate and free from material misstatements.
- Qualified Opinion: There are minor issues, but the financial statements are mostly reliable.
- Adverse Opinion: The financial statements are not reliable.
- Disclaimer of Opinion: The auditor cannot form an opinion due to lack of evidence or scope limitations.

Frequently asked queries:

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