0
What is the difference between a qualified auditors reports and unqualified auditors reports?
Wiki User
∙ 14y ago
A qualified auditor's report has been limited to certain aspects only. This means that other aspects of the report still have to be investigated. An unqualified auditor's report means that all aspects have been thoroughly checked. There are no discrepancies and the report is final.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What is the difference between an unqualified and a qualified audit report?
Qualified report an auditor gives an option subject to certain reservation , he is said to have a qualified reportunqualified report an auditor gives an option on various matter without any qualification or reservation . it is known as unqualified report
Difference between internal and external audit?
An internal audit is done by the company itself. An external audit is done by auditors not under the influence of the company being audited.
What is the difference between deductions and contributions?
A deduction on your tax return can be your property taxes or mortgage interest. A contribution is money or property you've donated to a qualified charitable organization.
What difference between cost and costing?
difference between cost and costing
Difference between internal and external auditor?
An internal auditor is one who is on staff at a company or business. The auditor checks to make sure all monies are accounted for, that the company's books balance and that there are internal controls on spending. An external auditor is one that is not a company employee and usually is an accountant from an outside accounting firm that does almost the same job as internal auditors. The main difference is that as an outside company, it can be more objective on its findings.
What is the differences between Mr Peter and other teachers in the novel Crabbe?
What is the different between qualified, unqualified and under qualified teachers? What is the different between qualified, unqualified and under qualified teachers?
What is the difference between a qualified and unqualified audit report?
Qualified report an auditor gives an option subject to certain reservation , he is said to have a qualified reportunqualified report an auditor gives an option on various matter without any qualification or reservation . it is known as unqualified report
What is the difference between an unqualified and a qualified audit report?
Qualified report an auditor gives an option subject to certain reservation , he is said to have a qualified reportunqualified report an auditor gives an option on various matter without any qualification or reservation . it is known as unqualified report
What is the difference between qualified and non qualified stock option plan?
I Dunnno
What is the difference between Sovereign immunity qualified charitable interspousal immunity?
explain the difference between sovereign immunity qualified immunity charitable immunity and interspousal immunity?
What is the difference between CIA and CPA?
CIA stands for Certified Internal Auditor while CPA stannds for Certified Publlic Accountant. CIAs tend to work as internal auditors (surprise) while CPAs tend to work as accountants and external auditors.
Difference between internal and external audit?
An internal audit is done by the company itself. An external audit is done by auditors not under the influence of the company being audited.
Difference between ICS assistant vs deputy?
deputy is fully qualified and assistant is just that, an assistant.
What is the difference between attorneys and lawyers?
An attorney is qualified and licensed to represent a client in court. You can read more about their differences at http://www.wisegeek.com/what-is-the-difference-between-an-attorney-lawyer-barrister-and-esquire.htm
Differentiate between an unqualified and a qualified audit report?
Type your answer here... An audit report is said to be unqualified,when it is a clean report. Thus the auditor after examination of the organisation its record and financial statement comes to a conclsion that the financial statement reflects the true financial position of the business thats the financial statement have been prepard in accordance with the acceptable accounting principles. Qualified audit report on the other hand is a negative report which shows that the financial statement have not be prepare in accordance with acceptable accounting principles and the opinion of true and fare is not certain.
What is the definition of the term non-qualified stock options?
Non-qualified stock options (NSO) is a form of employee stock option. In this stock, the employee pays normal income tax on the difference between the grant and the price of the stock.
What is an audit expectation gap?
Expectations gap === The expectation gap is the gap between the auditors' actual standard of performance and the various public expectations of auditors' performance (as opposed to their required standard of performance). Many members of the public expect that:auditors should accept prime responsibility for the financial statements,auditors 'certify’ financial statements,a 'clean’ opinion guarantees the accuracy of financial statements,auditors perform a 100% check,auditors should give early warning about the possibility of business failure, andauditors are supposed to detect fraud (See Wisconsin Law Journal article entitled, "Why Didn't Our Auditors Find the Fraud?").Such public expectations of auditors, which go beyond the actual standard of performance by auditors, have led to the term 'expectation gap’. Above retrieved from Abrema http://www.abrema.net/abrema/expect_gap_g.html Viper1
