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.
Tweet. A statutory audit is an audit that is required by a government agency and does not pertain to all businesses in the UK. For example, statutory audits are required specifically by institutions, such as banks, brokerage companies and insurance companies in the UK.tatutory audits in particular will look at specific aspects of a companyâs financials, to make sure that they meet government guidelines or UK GAAP code or requirements by the specific regulatory authority, such as the UK Financial Services Authority for finance-related companies.