what is an unqualified opinion in an audit
Unqualified Opinion. Often called a clean opinion, an unqualified opinion is an audit report that is issued when an auditor determines that each of the financial records provided by the small business is free of any misrepresentations.dverse Opinion. The worst type of financial report that can be issued to a business is an adverse opinion. This indicates that the firmâs financial records do not conform to GAAP. In addition, the financial records provided by the business have been grossly misrepresented.