unqualified opinion

What Can Prevent an Unqualified Opinion?

Several factors can prevent an auditor from issuing an unqualified opinion:
Material Misstatements: Errors or fraud that significantly affect the financial statements.
Scope Limitations: Restrictions on the auditor's ability to gather sufficient evidence.
Non-compliance with Accounting Standards: Failure to adhere to the applicable financial reporting framework.
Poor Internal Controls: Weaknesses in the company's internal control systems.

Frequently asked queries:

Relevant Topics