An unqualified auditors\' opinion about an entity\'s financial statements: is a

Question

An unqualified auditors' opinion about an entity's financial statements:

is a clean bill of health.

means that all of the entity's transactions during the audited period were checked out.

guarantees that the entity was not involved in or the victim of any fraudulent activities during the audited period.

states that they are presented in conformance with U.S. generally accepted accounting principles.

is a clean bill of health.

means that all of the entity's transactions during the audited period were checked out.

guarantees that the entity was not involved in or the victim of any fraudulent activities during the audited period.

states that they are presented in conformance with U.S. generally accepted accounting principles.

Explanation / Answer

states that they are presented in conformance with U.S. generally accepted accounting principles.

When an auditor issued unqualified opinion it means he has obtain sufficient evidence that company's Financial statements present true and fair view of state of affairs of company.There is nothing wrong which needs to be highlighted. All the accounting principles are correctly applied,

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