What is a word for not qualified?
inadequate, incapable, ineligible, inexperienced, unfit, unprepared, unskilled, steadfast, unalloyed, unconditional, unmitigated, amateur, bush, bush-league, disqualified, ill-equipped, not up to, unequipped, abiding, blasted.
What is a unqualified opinion?
What Is an Unqualified Opinion? An unqualified opinion is an independent auditor’s judgment that a company’s financial statements are fairly and appropriately presented, without any identified exceptions, and in compliance with generally accepted accounting principles (GAAP).
What is the definition of a qualified opinion?
A qualified opinion indicates that there was either a scope limitation, an issue discovered in the audit of the financials that were not pervasive, or an inadequate footnote disclosure. A qualified opinion is an auditor’s opinion that the financials are fairly presented, with the exception of a specified area.
What is a disclaimer of opinion?
Disclaimer of Opinion-Disclaimer Report When an auditor issues a disclaimer of opinion report, it means that they are distancing themselves from providing any opinion at all related to the financial statements.
What do you mean by unsuitable?
Definition of unsuitable : not fitting or right for a use or purpose : not suitable an unsuitable choice unsuitable topics for conversation.
What is the antonym of qualified?
adjective. ( ˈkwɑːləˌfaɪd) Meeting the proper standards and requirements and training for an office or position or task. Antonyms. ineligible incompetent unqualified nonspecific.
What is unmodified opinion?
Unmodified Opinions An unmodified opinion implies that the auditor was satisfied with the financial statements audited. This means that the statements met the requirements demanded by the regulations and they were prepared in accordance with accounting principles, criteria and standards.
What is an example of a qualified opinion?
Qualified opinion due to material misstatement For example, the client’s inventories were not at the lower of cost and net realizable value, and the client’s management was not willing to write down the value of inventories to net realizable value. In this case, auditors need to qualify this matter in the audit report.
What is basis for qualified opinion?
Qualified Opinions The auditor believes, on the basis of his or her audit, that the financial statements contain a departure from generally accepted accounting principles, the effect of which is material, and he or she has concluded not to express an adverse opinion (paragraphs .
What is except for opinion?
An auditor’s statement that he/she is unable to render an opinion about a company’s finances, or a portion thereof, because regulatory or managerial encumbrances prevented a full investigation.
How do you use unsuitable in a sentence?
not appropriate for a purpose or occasion.
- An abrasive material is unsuitable for cleaning baths.
- She always falls for unsuitable men.
- The rides are unsuitable for people of a nervous disposition.
- Many tasks were considered unsuitable for women.
- We rejected most of the candidates as unsuitable.