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Investments glossary

Unqualified Audit


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Quotes of the day:

To keep a lamp burning we have to keep putting oil in it.

— Mother Teresa

An unqualified audit reflects business financial statements that are transparent and compliant with generally accepted accounting principles (GAAP). An unqualified opinion is given after thorough research considering all accompanying financial documents. Any possible remaining discrepancies with the audit would stem from information that could not be obtained by the auditor. An unqualified report analyzes the internal systems of control as well as the details in the organization’s books.


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