Category 4 Hurricane Irma Bearing Down on Florida Keys Irma â at one time the most powerful hurricane ever recorded in the open Atlantic â left more than 20 people dead across the Caribbean as it steamed toward the U.S.
What is a 'Qualified Opinion'. A qualified opinion is a statement issued after an audit is done by a professional auditor that suggests the information provided was limited in scope and/or the company being audited has not maintained GAAP accounting principles.
A qualified opinion is typically given due to a limitation of scope in which the auditor was not able to gather sufficient evidence for various aspects of the financial statements. Without sufficient verification of transactions, an unqualified opinion may not be given.