Explanation:

Qualified Opinion: Minor issues exist, but overall statements are accurate.

A qualified opinion indicates that there was either a scope limitation, an issue discovered in the audit of the financials that was not pervasive, or an inadequate footnote disclosure

Adverse Opinion: Significant misstatements; financials are not reliable.

Disclaimer of Opinion: Insufficient evidence to form an opinion.

Unqualified Opinion: Financial statements are accurate and compliant.