opinion types (unmodified, qualified, adverse, disclaimer)

Financial auditors issue different types of opinions based on how well a company's financial statements reflect its true financial position. An *unmodified opinion* means the statements are accurate and fairly presented. A *qualified opinion* indicates there is a specific issue or exception, but overall, the statements are reliable. An *adverse opinion* signals significant problems, showing the statements are not accurate or fair. A *disclaimer of opinion* occurs when the auditor cannot form an opinion due to limited information or scope restrictions, meaning they cannot confirm the statements' accuracy. Each type guides users on the reliability of the financial reports.