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Qualified Opinion

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Qualified opinion
An auditor's opinion expressing certain limitations of an audit.
Qualified Opinion
An auditor's statement that he/she is unable to render a full opinion about a company's finances, or a portion thereof, because the company's accounting does not meet the Generally Accepted Accounting Principles or because the information was for some reason incomplete. In other words, a qualified opinion states that the company's accounting is so sloppy that the auditor cannot render an opinion. This is placed on the front page of an audit. See also: Except for opinion.
qualified opinion
The opinion of a Certified Public Accountant that a firm's financial statements deviate in some respect from a clean opinion according to generally accepted accounting principles. Compare clean opinion.
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Any qualified opinion on a bank's audited accounts will have a knock-on effect on its corporate borrowers: if a primary lender has qualified accounts, how can the borrower not also have its accounts qualified, because its counterparty risk and liquidity risk are affected by the bank's ability to lend?
Going consternation: auditors are seeking more and more assurances ... by Johnson, Robin / Financial Management (UK)
Most people are at a total loss when it comes to appraising whether a used car is good value or not and I'm sure that someone in your position could offer a far more qualified opinion.
A Spoonful of Sugar: I want to help you to drive a bargain by The Mirror (London, England)
In our report to the members dated 3 October 2000 on the annual financial report, we expressed a qualified opinion that it was not practical for the Australian Conservation foundation Inc.
Qualified report of the Independent Auditor by Habitat Australia
 
 
 
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