Definition of pre-tax: The gross amount paid for a good or service before taxes are taken out. Pre-tax exists in various financial transactions, such as wages paid, healthcare plans, childcare plans, and retirement ... Dictionary Term of Day Articles Subjects Sign Up BusinessDictionary
Unqualified Opinion. Often called a clean opinion, an unqualified opinion is an audit report that is issued when an auditor determines that each of the financial records provided by the small business is free of any misrepresentations.n audit report is an appraisal of a small businessâs complete financial status. Completed by an independent accounting professional, this document covers a companyâs assets and liabilities, and presents the auditorâs educated assessment of the firmâs financial position and future.
Unqualified Report. In an unqualified report, the auditors conclude that the financial statements of your business present fairly its affairs in all material aspects. The opinion embodies the assumptions that your business observed compliance with generally accepted accounting principles and statutory requirements.udit reports include the auditors' opinion of audited financial statements. Jupiterimages/Photos.com/Getty Images. In an audit engagement, the auditor gives his opinion on the financial information disclosed by your business. The auditorâs report is an integral element of your businessâs audited financial statement.