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LSDefine

Simple English definitions for legal terms

qualified opinion

Read a random definition: ad prosequendam

A quick definition of qualified opinion:

A qualified opinion is a type of statement in an audit report that points out certain things in the financial statement that are not quite right. It means that the auditor found some issues or exceptions that need to be addressed. It's like a teacher giving a report card with some grades that are not perfect, but still good enough to pass.

A more thorough explanation:

A qualified opinion is a statement made in an audit report that contains exceptions or qualifications to certain items in the financial statement that is being audited.

For example, if an auditor is unable to obtain sufficient evidence to support a particular item in the financial statement, they may issue a qualified opinion stating that they were unable to verify the accuracy of that item.

Another example could be if the auditor identifies a material misstatement in the financial statement, but the misstatement is not pervasive enough to warrant an adverse opinion. In this case, the auditor may issue a qualified opinion stating that the financial statement is fairly presented except for the identified misstatement.

These examples illustrate how a qualified opinion is used to communicate to users of the financial statement that there are certain limitations or exceptions to the auditor's opinion on the accuracy and completeness of the financial statement.

qualified nuisance | qualified pension plan

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I am not a llama, and I am an adcommie @ The University of American Samoa Law (go LandCrabies)
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I need a law school ranking based on which have reverse weave champion hoodies with the law school logo
I'm really sad it came to this.. but what are some law schools that will accept people with misconduct and irregularity of faking a transcript from lsac
I guess or from doing crimes too for that matter
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MrThickRopes
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We walk in da graduation to day
MrThickRopes
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That’s a lie we walk in it yesterday
MrThickRopes
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Or maybe we walk in da graduation tomorrow
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I said PUT DA BEAT ON
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mustard on da beat ho
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Woke up in the morning gotta thank god i dunno but today seems kinda odd no barking from the dog no smog mama cooked a breakfast with no hog i got my grub on but didn’t pig out finally got a call from a girl i wanna dig out
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Wake up in the morning and i take a shit take off my pants cause they caked in shit go to da club and I’m finna get lit light up the blunt but it’s soaked in shit thrown on da curb because i took a shiiit
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I fear you guys are not nearly locked-in enough
Why $0 at Harvard just to do litigation? Are you actually going to do your original plan post grad? @UncleIroh
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