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.
References in periodicals archive ?
He also tells investors to be cautious about the companies where the auditor issues a qualified report.
The fact is that the National Academy of Sciences, which you talk about inaccurately in your editorial, gave a qualified report on the safety of their findings and recommended more environmental testing be done.
The group receiving the new modified unqualified consistency report and the group receiving the old except-for qualified report.
The auditor should issue a qualified report which includes:
He added that following the qualified report the National Consumer Commission has also improved its auditing.
The Registrant's independent auditors disagreed with management and issued a qualified report for the fiscal year ended December 31, 2008.
A copy of the statutory accounts for that year, upon which the auditors gave a qualified report, has been delivered to the Register of Companies.
It also offers all kinds of product qualified reports such as SGS, CE, etc.
Individuals who provide qualified reports of software piracy are eligible to receive up to $1 million in a cash reward, though most decline the reward, the press release said.
They can concentrate on creating qualified reports with professional tools.
Through BSA's "Know it, Report it, Reward it" program, individuals who provide qualified reports of software piracy are eligible to receive up to $1 million in cash rewards.
LAST YEAR, THE BUSINESS SOFTWARE ALLIANCE, A SOFTWARE PIRACY WATCHDOG GROUP THAT RECEIVES THOUSANDS OF REPORTS ANNUALLY FROM CURRENT OR FORMER EMPLOYEES, BEGAN OFFERING CASH REWARDS FOR QUALIFIED REPORTS.

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