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The TOT phenomenon is explained as due to a weak match between
Qualified Opinion
An auditor's statement that accompanies a company's financial statements, indicating that most parts of the financial statements are accurate, but there are reservations.
Working Papers
Documents that prove a minor's eligibility to be employed under the labor laws, often required in many states for individuals under a certain age.
Right of Access
The legal right to enter or use a property, facility, or service, often subject to certain conditions or restrictions.
Public Company Accounting Oversight Board
An independent oversight body established by Congress to oversee the audits of public companies in order to protect investors and the public interest by promoting informative, fair, and independent audit reports.
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