QUALIFIED OPINION Definition

Bookmark and Share

QUALIFIED OPINION is the auditor's opinion accompanying a financial statement that calls attention to limitations in the audit or exceptions the auditor has taken with the audit of the statements.

Learn new Accounting Terms

BASIS, INVESTMENT, is the cost or book value of an investment. The gain or loss on an investment is the sale price less the basis. Basis is often called "cost basis."

FUND is a pool of money normally set apart for a purpose, for example, a pension fund to provide pensions.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.