Accountant's or auditor's opinion of a financial statement for which some limitations existed, such as an inability to gather certain information or a significant upcoming event which may or may not occur. opposite of unqualified opinion. See Also audited financial statements
An auditor opinion that the financial statements follow generally accepted principle "except for" a particular significant exception. An auditor may find everything in order except taxes receivable. If the unit refuses to change to the auditors demands and the auditor feels that the taxes receivable are not in accordance with GAAP, then an qualified opinion is issued.
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.