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Dear tutor,
Please explain in auditing terms what the title means?
I find that it is in conflict with what I know “qualified” to mean.
I am not understanding the concept of a qualified audit report and when it is correct.
I’d really appreciate it if you could try to break it down in very simple terms
Many thanks
I think qualified conclusion is used when we are acknowledging “except for..” situation but still happy to treat as true and fair view?
Please confirm if this is correct?
Correct. The phrase is ‘qualified opinion’, not ‘qualified conclusion’.
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