Series 79 practice questionmediumFairness Opinions
A fairness opinion typically contains which of the following disclaimers?
- AA statement that the opinion is binding in court
- BA guarantee of future financial performance
- CAn assertion that all information has been audited
- DA limitation that the opinion relies on information supplied by management✓ Correct answer
Explanation
Why D — A limitation that the opinion relies on information supplied by management
Fairness opinions routinely state they are based on information provided by management and not independently verified. This limitation is important since it affects the opinion’s reliability, unlike options A, B, or C.
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