Listed below are 4 terms followed by a list of phrases that describe or characterize the terms. Match each phrase with the correct term.

Transcribed Image Text:

1. Unqualified opinion 2. Auditor's report 3. Qualified opinion 4. Adverse opinion a. Independent and professional report about the fairness of the financial statements. b. Given by an auditor when there is a limitation of audit procedures or a departure from GAAP. c. Given by an auditor when financial statements are presented fairly in conformity with GAAP. d. Given by an auditor when there are substantial reporting errors and a qualified opinion is not appropriate.