CFA Practice Question

There are 86 practice questions for this study session.

CFA Practice Question

What does an unqualified audit opinion mean?
A. The financial statements present fairly in all material respects the financial position, the results of operations, and the cash flows for the period.
B. The financial statements are 100 percent correct.
C. The financial statements contain a serious departure from generally accepted accounting principles that affects numerous accounts and financial statement relationships.
Explanation: An unqualified audit opinion states with any qualification that the financial statements present fairly in all material respects the financial position, results of operations, and cash flows for the company.

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