FMD 2018 Level I Training Book

10/30/17

Types of Audit Opinions

• Unmodified (a clean bill) • Qualified (with some reservation) • Adverse (financials are not presented in accordance with GAAP) • Disclaimer (unable to form an opinion)

• Going Concern or Other Significant Emphasis Notations

Example of An Opinion

6

Made with FlippingBook flipbook maker