Question

A clean audit report is______________.

• A. A qualified audit report
• B. A modified audit report
• C. An unqualified audit report
• D. A audit report that has an adverse opinion

Answer 1

Answer: (C)

An unqualified audit report

Unqualified Opinion - An unqualified opinion should be expressed when the auditor is satisfied in all material aspects that the financial report is presented fairly in accordance with:
(a) Accounting Standards and
(b) relevant statutory and other requirements,
so as to present a view which is consistent with the auditor's understanding of the entity's financial position, the results of its operations and its cash flows. It is also known as "Clean Report".