If a company receives an unqualified audit opinion it means the auditors:
A)did not complete a full audit and therefore do not feel qualified to give and opinion on financial statements
B)are providing assurance that the company will remain financially viable for at least the next year
C)are providing assurance that the company's financial statements fairly present company's financial performance and position
D)are providing assurance that the company's financial statements are free from misstatement, fraudulent accounting and fairly indicate future performance
Answer:C
If a company receives an unqualified audit opinion it means the auditors:
A)did not complete a full audit and therefore do not feel qualified to give and opinion on financial statements B)are providing assurance that the company will remain financially viable for at least the next year C)are providing assurance that the company's financial statements fairly present company's financial performance and position D)are providing assurance that the company's financial statements are free from misstatement, fraudulent accounting and fairly indicate future performance