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What are the required paragraphs in an unqualified opinion?

Unqualified opinions are issued for issuers (public companies). If the audit team has determined that, after performing all necessary audit procedures, that there are no material departures from the conceptual framework, the audit team may issue an unqualified opinion.

Reporting an unqualified opinion would consist of an introductory paragraph, management responsibility paragraph, auditor responsibility paragraph, and the actual opinion paragraph.


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  • What are the required paragraphs in an unmodified opinion?

    Unmodified opinions are issued for nonissuers (private companies). If the audit team has determined that, after performing all necessary audit procedures, that there are no material departures from the conceptual framework, the audit team may issue an unmodified opinion. Reporting an unmodified opinion would consist of the following paragraphs: