Unfortunately, foreigners may feel they should have qualified opinions
about the country they serve in much sooner than they realistically can have; many also lack the foundation and tools for broader analysis.
Walker said her firm is seeing an increase in the frequency of qualified opinions
in SOC 1 reports, which presents a problem for auditors.
He also pointed to a significant number of community councils receiving qualified opinions
- which could mean incomplete accounting or not properly following accounting principles.
In this paper, we examine the effects of audit tenure on the likelihood of qualified opinions
with a sample of public Spanish companies for the period: 2001-2009.
Despite all these qualified opinions
, I talk to publishers every day who say they're not dead yet--not even close.
The court contrasted this against qualified opinions
based on reasonable medical probability.
In other words, German media seek to hear numerous qualified opinions
rather than doggedly searching for an opposing voice regardless of that voice's qualifications.
Possible adverse consequences of the proposal include increased audit costs, widespread disclaimers and qualified opinions
which would have a negative impact on capital markets.
Companies that don't have effective controls, or we believe have the risk of that material error occurring, did receive adverse or qualified opinions
on their control system.
It will be interesting to see how many organizations have qualified opinions
on internal controls," he says, adding, "[CCR] is very much tied to FASB's focus on fair value--it's probably our biggest concern.
When considered in conjunction with the qualified opinions
or disclaimers of opinion on the financial statements in all 30 reports and for 60 percent of the Schedules of Expenditure of Federal Awards required by the Single Audit Act, the audit findings reveal one thing: overall poor accountability of Compact funds.
Debt repayments fall behind, accounts payable schedules aren't being met and accountants are giving qualified opinions