The 4 Types of Audit Opinions

This video discusses the 4 types of audit opinions that an external auditor may provide after conducting an audit. Companies hire an external auditor to provide an opinion as to whether their financial statements have been presented fairly, and the types of opinions that may be issued are: an unqualified opinion, a qualified opinion, an adverse opinion, and a disclaimer of opinion.
An unqualified opinion, also known as a clean opinion, is issued when the auditor believes that the financial statements are free of material misstatements. A qualified opinion is issued when the financial statements are free of material misstatements, except for a single issue of improper accounting or a single issue in which the scope of the audit was limited. An adverse opinion is issued when the auditor believes the financial statements do contain material misstatements. Finally, a disclaimer of opinion is issued when the auditor cannot provide an opinion as to whether the financial statements are fairly presented. This may occur because the independence of the auditor has been compromised, the scope of the audit has been severely limited, or there are significant uncertainties surrounding the company's financial statements.-
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[@maleina1206]

You seem to be the only person in the world who can talk about accounting without sounding dead inside :D So thanks for making these, you have taught me more than my professor!

[@lukamagnotta7966]

I studied Audit for 2 years and my Lecturer could not explain this, yet you did it in 6 minutes. Thanks

[@rob8482]

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[@huyenhoang627]

informative video! we cant thank you enough. I look forward to more videos on auditing process

[@Karina00K]

Thanks so much, this was soo helpful! Love, love your explanations!!! 😊😊

[@abdallamohamedsaeed]

You are really very good in transferring your understand to us Thank you so much.

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I’m beginning my MBA program this summer, my colleague said this would be a great resource and it has!!

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Thanks for these videos!! They are great.

[@lilong5202]

Very helpful!! I learned a lot

[@javierdiazdeleonmorales523]

Solid Video. Explained way better than my accounting professor. Why is it so hard for real professors to explain this? Odd...

[@saurabhbajaj55]

Hello Prof, I just love your video. Thanks for making them. I was wondering if you can tell me the equipment's you use to make these videos. Specifically the microphone.

[@shashiniwelgama1640]

Really helpful! thanks

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Thank you so much for these videos. Explained thoroughly

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[@MyFinancialFocus]

Independence is key when it comes to auditing for sure.

[@looksmustafa]

Excellent & Sooo easy explanation of 4 types of audit opinions

[@francescociccone2224]

you've expressed this argument better than my university professor... and in just 7 minutes! (he tooks something like 50 minutes)

[@saifahamed7395]

thank you <3

[@samraataa]

Very helpful:)