qualified opinion

qualified opinion definition - business

qualified opinion

The opinion of a certified public accountant that a firm's financial statements deviate in some respect from a clean opinion according to generally accepted accounting principles. For example, the auditor was unable to audit and verify an area of the financial reports. Compare clean opinion.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.