Qualified & Adverse Opinion

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May 27, 2015 at 2:22 pm #249551
phillips
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Does a qualified and adverse opinion mean the same thing?
May 27, 2015 at 3:15 pm #249569
Ken Garrett
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No.

Qualified will contain the words “…except for……….the FS show a true and fair view”

Adverse says “….the FS do not show a true and fair view”.
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