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Simple English definitions for legal terms

qualified opinion

Read a random definition: statutory employee

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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shaquilleoatmeal
17:51
@jackfrost11770: oo interesting - I first went complete 10/25 and now the sub 11/5
shaquilleoatmeal
17:51
wonder if they'll ask for me for more info but can't think of what it would be
17:54
berk…..
shaquilleoatmeal
17:58
what about berk
18:01
i need wave
shaquilleoatmeal
18:04
call them and demand one
@shaquilleoatmeal: did you get double app complete on sub status or just one
letsseehowitgoesnow
18:11
shaq i got that for BU
shaquilleoatmeal
18:13
@Eminatorcookieeater: just one
shaquilleoatmeal
18:14
@letsseehowitgoesnow: lfg!
shaquilleoatmeal
18:14
@Eminatorcookieeater: did you get one or double??
Just one sadly
letsseehowitgoesnow
18:15
I doubt it means anything. I applied like 2 weeks ago lol
letsseehowitgoesnow
18:16
Actually nvm. I don’t have that lol
shaquilleoatmeal
18:17
@Eminatorcookieeater: I think it's still a good sign, seems like we're one stage away from a decision rolling out which is a good thing, whether an A, R, or WL lol
shaquilleoatmeal
18:17
all obviously based on that reddit post which might not be accurate
Exactly at least something is happening haha
shaquilleoatmeal
18:19
lfg just got a vandy interview
Dkk
18:26
Nice, I should get that app in.
Dkk
18:26
Good motivation.
shaquilleoatmeal
18:28
@Dkk: get that app in man, c'mon
[] baddestbunny
18:29
1.5 hours bitches
[] baddestbunny
18:32
but who’s counting?
it’s happennninnnnggg
Dkk
18:37
I will do better! @Shaq
shaquilleoatmeal
18:41
atta boy dk
[] baddestbunny
18:42
I think our opponent’s dad is mad at me
good feed off his malding
JumpySubsequentDolphin
18:52
gulc should send invites so i can take my mind off the election
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