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qualified opinion

A statement from an auditor indicating that they found issues with the financial documents they reviewed while completing the audit, and thus they cannot give an opinion without making qualifications. A: "If the auditors give us a qualified opinion, what will that mean for our business going forward?" B: "It means that something in our financial records didn't sit right with the auditor. That could make our investors feel less confident in the company."
See also: opinion, qualified

qualify as

1. To earn or fulfill the requirements to be or do something. I've always wanted to be an actor, but I decided to qualify as an accountant for a more reliable profession. In order to qualify as a dependent, your child must live at home and have no income of their own.
2. To award or cause someone to fulfill the requirements to be or do something. In this usage, a noun or pronoun is used between "qualify" and "as." Forget a long, expensive university degree—our 12-month training program is enough to qualify you as an independent meteorologist. Your age, income, and family status are just a few factors that may or may not qualify you as eligible for welfare.
See also: qualify

qualify for

1. To earn or fulfill the requirements for something; to be or become eligible for something. In order to qualify for a sales tax rebate, you must fill out a form and provide original receipts for all purchases being claimed.
2. To cause someone to fulfill the requirements to be or do something. In this usage, a noun or pronoun is used between "qualify" and "for." The company is offering to pay for me to do a master's degree that will qualify me for a senior management position in the business. Your age, income, and family status are just a few factors that may or may not qualify you for welfare.
See also: for, qualify
Farlex Dictionary of Idioms. © 2022 Farlex, Inc, all rights reserved.

qualify as something

to fulfill the requirements to be something. Tom qualified as a mechanic. I have been qualified as a mechanic since I was twenty.
See also: qualify

qualify for something

to meet the requirements for something. I'm sorry, you do not qualify for this job. I don't qualify for it.
See also: for, qualify

qualify someone as something

to cause someone to fulfill the requirements for something. Does this course qualify me as a stockbroker? She qualified herself as a realtor.
See also: qualify

qualify someone for something

to enable someone to meet the requirements for something. His years with the company qualified him for pension. Does this ticket qualify me for the drawing?
See also: for, qualify
McGraw-Hill Dictionary of American Idioms and Phrasal Verbs. © 2002 by The McGraw-Hill Companies, Inc.

qualify for

1. To be competent or eligible for something, such as an office, job, or benefit: After one year on the job, you will qualify for a raise.
2. To cause someone to be competent or eligible for something: That certificate qualifies you for a promotion.
See also: for, qualify
The American Heritage® Dictionary of Phrasal Verbs. Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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References in periodicals archive ?
Failure to properly depreciate qualified real property over 15 years puts other 15-year property at risk for reclassification to longer recovery periods (see "Confusion Over Qualified Leasehold Improvements May Create Opportunity," by Chris Atwell, RSM, available at tinyurl.com/huph5p4).
401(a) qualified trust, the final regulations provide further guidance.
to be sure that all students in all schools are served by highly qualified staff," says Dr.
The two other examples illustrate the application of the de minimis rule and the qualified delivery, warranty, and operating manual rules.
* Eligibility for estates, heirs and qualified revocable trusts to exclude gain from the sale of a primary residence, applicable to estates of decedents dying after 2009.
The Court reiterated that "qualified immunity shields an officer from suit when she makes a decision that, even if constitutionally deficient, reasonably misapprehends the law governing the circumstances she confronted." (17) The Court then stressed that the critical issue in determining if qualified immunity is warranted is whether the officer had fair notice that the conduct in issue was unlawful.
Employers may contribute to each plan, but they should understand that discrimination rules may impact the operation of the programs, resulting in unintended consequences if the HSA cannibalizes the qualified retirement plan.
The new law provides a 30% tax credit to individuals for the purchase of 1) photovoltaic equipment (i.e., equipment that uses solar energy to generate electricity), 2) solar water heating property, and 3) qualified fuel cells.
93-19 is concerned primarily with whether the qualified user pays a service provider reasonable compensation for services and whether the compensation arrangement between the parties conforms to one of the safe harbor provision compensation arrangements.
Because of such restrictions--and the fact that not all companies offer an array of qualified benefits--many executives earning over $75,000 are likely candidates for a non-qualified plan.
Obligation must be issued by a qualified small issuer;
The highly qualified teacher requirement of No Child Left Behind is one tenet that everyone agrees sounds good on paper, yet no state was able to meet the 2005-2006 deadline to have a highly qualified teacher in every core course by the end of the school year.
These provisions apply to qualified Hurricane Rita individuals and qualified Hurricane Wilma individuals-people whose principal residence on September 23, 2005, was located in a disaster area and who sustained economic loss due to the hurricanes.
In general, qualified production activities' income for any taxable year is limited to 50 percent of the W-2 wages paid by the taxpayer during the calendar year that ends in such taxable year.
The domestic manufacturers' deduction permits a phased-in deduction of a specified percentage of a business's "qualified production activities income" or its taxable income, whichever is lower.
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