Spencer is auditing Quiet Inc. Spencer needs to give an opinion on the company's financial statements. What does it mean if Spencer gives an Unqualified Opinion? Spencer is auditing Quiet Inc. Spencer needs to give an opinion on the company's financial statements. What does it mean if Spencer gives an Unqualified Opinion? the financial statements are presented fairly and according to GAAP except for a certain area the financial statements are presented fairly, in all material respects the financial statements have not been presented fairly in accordance with GAAP the auditor cannot evaluate the fairness of the financial statements, and therefore does not express an opinion on them