What is a clean audit opinion?
If you hear the phrase “clean audit opinion” or “clean opinion”, that means that the company received an unqualified or unmodified audit opinion. A clean audit opinion is great news for the company because that means that the audit team believes the financial statements are reasonably stated (i.e. free from material misstatement).
Additionally, that also means that the audit team did not identify any major issues with the internal control framework (mainly for public companies).
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