A qualified audit opinion is a statement issued by an auditor after an audit has been done, and where there might be:
- Limitation of scope in the auditors’ work;
- Disagreement with management regarding the application or adequacy of accounting policies; or
- The auditor has identified an issue that is material or of financial consideration.
To learn more about qualified/unqualified audit opinions and auditor’s reports, please refer to our Auditor’s Report Guide.