How does an audit report containing an unqualified opinion on financial statements prepared on the cash basis

Question:

How does an containing an unqualified opinion on prepared on the cash basis differ from one issued on GAAP-based Audit Report
The audit report is issued by a certified public accountant who is appointed by the shareholders to provide assurance upon the truth and fairness of the financial statements prepared by the managers of the company. Audit report contains the... Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...