Qualified Opinion
/ˈkwɒlɪfaɪd əˈpɪnjən/
Definitions
- (n.) An auditor's report expressing reservations about the financial statements, indicating they are mostly reliable but with certain exceptions.
The auditor issued a qualified opinion due to discrepancies in the inventory records.
Forms
- qualified opinion
- qualified opinions
Related terms
See also
Commentary
A qualified opinion signals specific exceptions identified by the auditor; care should be taken to clearly specify the scope and nature of the qualification in audit reports.
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