Question
Qualified audit report
means:Solution
A qualified audit report is a report issued by an auditor that reports certain discrepancies in the financial statements prepared by the entity. These discrepancies are typically termed as qualifications. Such a report, therefore, issues a qualified opinion on the true and fair view of the financial position as reported in the financial statements. The qualified audit report is one of the three modified audit reports where the opinion is issued to the financial statements that are not prepared in all material respect while those misstatements are not pervasive. There are four types of audit reports: 1. Unqualified audit report 2. Qualified audit report 3. Adverse audit report 4. Disclaimer of opinion audit report
On 1st November, 2022 SpaxeX launched the Faclon Heavy rocket into Earth from which of these countries?
With whom has the Indian Council of Agricultural Research signed an MoU to empower farmers?
What are the new weight categories for men's boxing as adopted by the Boxing Federation of India?
 India’s first night sky sanctuary is being built recently in which of the following states/UT?
- Which Indian private company handed over the first rear fuselage for the LCA Tejas Mk1A to HAL?
What is the Capital to Risk Weighted Assets Ratio (CRAR) of scheduled commercial banks (SCBs) as of end March 2024 according to the Financial Stability ...
How many sectors were identified in the World Bank's "Jobs at Your Doorsteps" study?
Election Commission launched 'Mission-929' in which state?
- In which Indian city was the AI centre for Geospatial Analytics established by the Maharashtra government in partnership with Microsoft?
Which country has been elected as the new Chair of the Association of Asian Election Authorities (AAEA)?