What does it mean when your accountant presents you with an unqualified audit opinion of your organization’s financial statements? Should you be concerned?
An unqualified (or unmodified) opinion is an independent auditor's judgment that the organization’s financial statements are fairly and appropriately presented, without any identified exceptions, and in compliance with the appropriate accounting framework.
It’s the type of audit opinion you would expect and want to receive. It reassures your shareholders and lenders that the financial information they have been given is presented in an accurate and fair manner. It doesn’t mean your accountant isn’t qualified!
Want to learn more about Heartland’s auditing services? Click the link on this page.
