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 ?
The hospital administration received a complaint that IT head Jawad who had been entrusted with overseeing the salaries of the employees despite lacking proper qualification of accounts, had embezzled money in connivance with some other officials of accounts branch.
The trigger for loss of control can take many forms, including: share price crash; new money request; breach of banking covenants and auditor qualification of accounts. These factors can also trigger external stakeholders and their advisers pressing for a 'change agent'.

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