Financial Statements
Unqualified Audit Opinion
Definition
What is Unqualified Audit Opinion?
An audit opinion stating that financial statements are fairly presented without material qualification.
Example in practice
How This Looks in Practice
The auditor issues an unqualified opinion on the annual accounts.
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Related Terms
Financial Statements
Revenue
Income generated from selling goods or services before expenses are deducted.
Financial StatementsSales Growth
The percentage increase or decrease in revenue over a period.
Financial StatementsCost of Goods Sold
Direct costs attributable to goods or services sold during a period.
Financial RatiosGross Margin
Gross profit expressed as a percentage of revenue.