Unqualified opinion

If you take a look at our notes - Chapter 6 - an audit opinion is either "unmodified" or "modified". A modified opinion is either "qualified", "adverse" or "a disclaimer of opinion". These are the five terms of the so-called "reporting ISAs" (ISA 700 series). "Unqualified" is a very old and technically obsolete term that pre-dates the reporting ISAs - but I have no doubt that in the profession some people will use this term - though what they actually mean is unmodified.

I see. Thank you for clearing my confusion.

You are welcome!