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There are Four types of Auditor's Opinion:
1. Unqualified: Auditor expresses Qualified Opinion when he comes to the the conclusion that the financial statement are true and fair and no material mis-statement is present
2.Qualified: When Auditor comes to the conclusion that mis-statement are material but not pervasive to the financial statement, he expresses Qualified Opinion.
3. Adverse: When Auditor on the basis of Evidence comes to the conclusion that mis-statement are both material and pervasive to the financial statement,he expresses Adverse Opinion.
4. Disclaimer: When Auditor is not able to collect evidence about mis-staement that could be both material and pervasive to the financial statement,he expresses Disclaimer Opinion.
1-UnQualified Opinion
2-Qualified Opinion
3-Adverse Opinion
4-Disclaimer of Opinion
They are the one of backbone of our company due to they give correct action and instruction in accounting section.It will help to forecasting,budgeting..etc and helping to know the our next steps for improving for our company.
If you give correct person in accounting section,it will help for your company.As per their instruction also valuable.Even choosing in correct report.
unmodified, qualified- disclimer- revresed
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