Examlex
All of the following Westgard rules identify systematic error except:
Qualified Opinion
An auditor's opinion suggesting that the financial statements of a firm are fairly presented, except for a particular area or exception.
Adverse Opinion
An auditor's statement indicating that a company's financial statements are not presented fairly or in conformity with Generally Accepted Accounting Principles (GAAP).
Common Expenses
Recurring costs that are shared among entities within a business, typically for maintenance and administrative services.
Operating Profit
The profit earned from a firm's core business operations, excluding deductions of interest and taxes.
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