Audit, assurance & evidence · Core

Unmodified opinion

Also called: clean opinion

ELI5

An audit opinion stating that the financial statements are presented fairly in all material respects under the framework.

Used in conversation

“The team needs one controlled copy of unmodified opinion, with an owner and date.”

Pitch context

You will see “Unmodified opinion” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches audit, assurance & evidence.

Why it matters: In audit, assurance & evidence, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 5

Direct term-level sources and supporting source families.