Which of these are types of Audit Report?
Correct answer: A. All of above
- A. All of above
- B. Qualified opinion
- C. Adverse opinion
- D. Disclaimer of opinion.
- E. Unqualified opinion
Explanation
Unqualified, qualified, adverse and disclaimer of opinion are the principal forms of audit opinion or report conclusion. Therefore, all four listed choices are types of audit reports in the terminology used here.
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About Auditing
Auditing examines accounting records and financial statements to determine whether they present a reliable and fairly stated position. The subject covers audit objectives, internal controls, audit evidence, materiality, vouching, verification, working papers, auditor independence, audit reports, and the distinction between an audit and accounting or investigation.
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