audit opinions

An audit opinion is the formal conclusion a Certified Public Accountant (CPA) provides after reviewing a company's financial statements. It indicates whether the financial reports fairly represent the company’s financial position and comply with accounting standards. There are four main types: unqualified (clean, accurate reports), qualified (minor issues not affecting overall accuracy), adverse (significant problems, reports are misleading), and disclaimer (insufficient information to form an opinion). Essentially, the opinion helps users—like investors and lenders—assess the reliability and transparency of the company's financial information.