A qualified opinion audit report is issued when all auditing conditions have been met, no significant misstatements have been discovered, and it is the auditor's opinion that the financial statements are fairly stated in accordance with GAAP.

Question

Quizplus · Accepted Answer

A qualified opinion audit report is actually issued when there are limitations in the scope of the audit or there is a departure from GAAP, but it is not significant enough to warrant an adverse opinion.

A Qualified Opinion Audit Report Is Issued When All Auditing