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Independent auditors must provide dual opinions. What are these two opinions and what is the difference in them? Solution Dual opinion is the opinion on the effectiveness and effective working of internal controls adopted by the firm to avoid accounting manipulations . Firm adopt internal controls to present financial statements at very best fair and transparent manner. So to avoid any deceit and manipulation activities to hide any or miss any issue , internal controls are adopted . Auditors also check the effectiveness of these controls and provide their opinion at the time of auditing the financial statements.

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Independent auditors must provide dual opinions. What are these two opinions and what is the difference in them? Solution Dual opinion is the opinion on the effectiveness and effective working of internal controls adopted by the firm to avoid accounting manipulations . Firm adopt internal controls to present financial statements at very best fair and transparent manner. So to avoid any deceit and manipulation activities to hide any or miss any issue , internal controls are adopted . Auditors also check the effectiveness of these controls and provide their opinion at the time of auditing the financial statements

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