A qualified report can take the form of a qualification of both the scope and the opinion or of the opinion alone.

Question

Quizplus · Accepted Answer

A qualified report can indeed take the form of a qualification of both the scope and the opinion or of the opinion alone. This means that either the auditor is unable to obtain sufficient evidence to support a clean opinion, or that they disagree with the financial statements but are still able to issue an opinion with reservations.

A Qualified Report Can Take the Form of a Qualification