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Can you please explain -"Audit Disqualifications"?

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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/08/22
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by Deleted user

Audit Disqualification refers to the significant matters requiring the attention of the members, highlighted in the Audit Report without giving any adverse opinion from the auditors.

 

In contrast Qualfication refers to the  significant matter mentioned by the auditors along with adverse opinion.

 

Disqualificaiton normally does not create a very bad impression about the company management. 

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