Of the 74 institutions audited, the Audit Office gave a qualified opinion
for six of them (two qualified opinions
and four qualified opinions
with due attention) - with three institutions receiving a qualified opinion
on compliance with the laws and regulations, one on financial institution reports, and two institutions received it in the cases of compliance and financial statements.
Such an opinion means problems singled out by the audit are pervasive and require a great deal of changes to rectify.Other counties that have made notable progress are Isiolo and Samburu, both of which had adverse opinions in the FY2016/17 and 2015/16.Embu County has received an adverse opinion for four consecutive financial years, in 2017/18, 2016/17, 2015/16 and 2014/15.PROPER USEMeru, Marsabit and Mandera got qualified opinions
in the 2017/18 report, after scoring an adverse opinion in 2015/16, 2014/15, and disclaimers in 2013/14.Only Nyandarua and Makueni got an unqualified opinion, the first since the advent of devolution, showing that all the money was accounted for with the proper documentation provided.
The Opiyo Wandayi-led panel made the proposal after it established that several officers in National government, ministries and parastatals had qualified opinions
on their votes in the Auditor's report.
While the rate of qualified opinions
was higher, it too dropped over the four-year period from 169 to 116 or just over a quarter (28.7%) to less than one-fifth (19.7%).
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.'