Qualified Opinion

A qualified opinion, in the context of auditing and financial statements, is a statement made by an auditor indicating that, while most of the financial statements present a true and fair view, there are certain issues or exceptions that prevent a complete endorsement. This could be due to specific uncertainties, limitations in scope, or disagreements over accounting practices. Essentially, it means that the auditor is not fully satisfied with all aspects but believes the overall financial picture is mostly accurate, alerting stakeholders to potential concerns that may need further investigation.