What do you say to big bubba regarding ted comment

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Question: Assume you are the controller of Big Bubba's Auto Parts, a chain of retail stores, and the accounting firm of Lasso & Beard is in the finishing stages of its annual audit of Big Bubba's. You, Big Bubba, and Ted (the audit partner) are discussing the audit. Ted says to Big Bubba, Well, it looks like you will be getting an unqualified opinion from us this year. Big Bubba, not being the most astute business person, yells, What! With the money we pay you, I thought you would at least be qualified to do our audit! Upon hearing this, you (the controller) are mortified and need to calm down Big Bubba before he goes into cardiac arrest. What do you say to Big Bubba regarding Ted's comment? Include in your answer what is the purpose of an audit and what does an unqualified opinion mean.

Reference no: EM133370086

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