''The external auditor of the annual financial statement, issued a qualified opinion
, stating that the bank did not recognize sufficient allowances for expected credit losses on loans to and receivables from customers.
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.
The Commission on Audit (COA) has issued a qualified opinion
to the city government that it has not maintained Generally Accepted Accounting Principles (GAAP) as there were receipts that did not correspond to some of the city government's accounts in relation to its properties.
The SEC said in a statement this is the latest unqualified opinion issued by COA to the commission since 2013, after a series of modified or qualified opinion
from 2014 to 2017.
"We have over 30 counties that have qualified opinion
yet when the supporting documents are brought, like the case of Kiambu county, billions of taxpayers' money has been lost.
Auditor Deloitte quit last week after having given a qualified opinion
on the miner's twice-delayed results.
Chartered Accountants) have issued a qualified opinion
on the FY18 accounts, as SNGP has recognized disputed revenue of PKR 17bn.
For instance, although Tharaka-Nithi had audit queries, it received a qualified opinion
from Auditor-General Edward Ouko.This means Mr Ouko received all the information required for the audit, but it revealed gaps that often arise from failure to stick to procedures and budget limits.
The report had a qualified opinion
following an internal investigation into the valuation and recoverability of the company's fund investments and lending.
Based on a summary published in the official website of COA dating back to 2007, Makati had received its qualified opinion
in 2007, and from 2010 up to 2016.
If there is one man on the planet who is fit to give a qualified opinion
on playing in central midfield for Manchester United, it's Scholes.
However, the 2016 report gives a qualified opinion
that "A significant part of the 2016 expenditure audited was not affected by a material level of error".