Qualified Opinion

Dictionary Says

Definition of 'Qualified Opinion'

A statement written upon the front page of an audit done by a professional auditor. A qualified opinion suggests that the information provided was limited in scope and/or the company being audited has not maintained GAAP accounting principles.
Investopedia Says

Investopedia explains 'Qualified Opinion'

Contrary to its connotation, a qualified opinion is not a good thing. Auditors that deem audits as qualified opinions are advising whomever is reading the document that the information within the audit is not complete or that the accounting methods used by the company do not follow GAAP.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Accounting

    The systematic ...
  2. Adverse Opinion

    A professional ...
  3. Annual Report

    1. An annual ...
  4. Auditor's Report

    Recorded in the ...
  5. Balance Sheet

    A financial ...
  6. Generally Accepted Accounting ...

    The common set ...
  7. Income Statement

    A financial ...
  8. Opinion Shopping

    The practice of ...
  9. Andersen Effect

    A reference to ...
  10. Auditor's Opinion

    A certification ...

Articles Of Interest

  1. Detecting Accounting Manipulation

    "One-time charges" and "investment gains" are two strategies companies can use to distort their numbers.
  2. Core Earnings Strip Away "Creative" Accounting

    This metric is an attempt to counteract creative accounting, but it poses its own set of challenges.
  3. What is the difference between IAS and GAAP?

  4. The Impact Of Combining The U.S. GAAP And IFRS

    The convergence of accounting standards is changing the attitudes of CPAs and CFOs toward harmonization of international accounting.
  5. Analyze Cash Flow The Easy Way

    Find out how to analyze the way a company spends its money to determine whether there will be any money left for investors.
  6. Digging Into Book Value

    This calculation will serve up your portion of the shareholder pie.
  7. CPA, CFA Or CFP® - Pick Your Abbreviation Carefully

    A couple of letters can mean a big difference. Find out which designation you need and how to get it.
  8. Using Enterprise Value To Compare Companies

    Learn how enterprise value can help investors compare companies with different capital structures.
  9. Understanding Pro-Forma Earnings

    These figures can either shed light on a company's performance or skew it. Find out why.
  10. Analyzing Operating Margins

    Find out how to put this important component of equity analysis to work for you.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center