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unqualified report
An unqualified audit report is a "clean bill of health" that an auditor delivers to a corporation. [ [ This type of report means the auditor did not detect any significant internal control breakdown during his examination. An auditor issues a qualified opinion when she encounters one of two types of scenarios which do not adhere to generally accepted accounting principles (GAAP): single deviation from GAAP and scope limitation. Read more: The Difference Between a Qualified & Unqualified Audit Report | eHow.com ] ]
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Asked 5/6/2012 8:40:12 AM
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