Audit Opinions
Audit opinions, issued by auditors in their report, express the auditors' conclusion on the fair presentation of a company's financial statements in accordance with applicable accounting principles. These opinions range from unqualified, meaning the financial statements appear free of material misstatements, to qualified, adverse, or a disclaimer of opinion, which indicate varying levels of concerns or limitations encountered during the audit process.
Lesson Videos
Audit Opinions Overview
Audit Opinions Objectives
Introduction to Audit Opinions
Auditor's Evaluation of Criteria in Determining an Opinion
Types of Audit Opinions
Unmodified/Unqualified Opinions
Qualified and Adverse Opinions
Reasons for a Disclaimer of Opinion or Withdrawal from Engagement
Critical Audit Matters and Key Audit Matters
Selecting the Correct Audit Opinion
Audit Opinions Summary
Audit Opinions Practice Questions
"Examprep.ai helped me pass all 4 CPA exams on the first try. I highly recommend. I especially like the feedback and ratings the software provides so I know where to focus my time."
Daniel H., CPA
"I can't recommend ExamPrep.ai enough. Nick's lessons turned concepts I struggled with into strengths. I was able to pass FAR right before other exams expired!"
Andrew K, CPA
"I just want to say thank you for the great lesson videos. I couldn't stay awake through lectures of another course. After watching all your FAR lessons I was finally able to pass!"
Alyssa M., CPA Candidate
