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Definition of 'Unqualified Opinion'
An independent auditor's judgment that a company's financial records and statements are fairly and appropriately presented, and in accordance with Generally Accepted Accounting Principles (GAAP). An unqualified opinion is the most common type of auditor's report.
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Investopedia explains 'Unqualified Opinion'
An unqualified opinion is issued when the independent auditor believes that the company’s financial statements are sound; that is, the statements are free from material misstatements. This is different from a qualified opinion which is issued when the independent auditor discovers something in the financial statements that is subject to major concern.
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Search results for 'Unqualified Opinion'
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http://www.investopedia.com/exam-guide/cfa-level-1/financial-statements/auditor-audit-opinion.asp
... Financial Statement Footnotes; 6.25 The Auditor and Audit Opinion; 6.26 Financial
Reporting Objectives and Enforcement; 6.27 Accounting ...
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http://www.investopedia.com/articles/professionaleducation/07/Series_7_municipal.asp
... Unqualified opinion: The bond counsel has no reservations about the issuer's authority
to borrow, the nature of the bond and the tax exemption. ...
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