Query: Audit Report???

disclaimer report is one when auditor do not get sufficient  info/evidence frame an opinion regarding true and fair view he/she issues such report.eg: no report from branch, loss of doc. due to accident etc.

qualified report is one in which auditor has certain reservations regardinf certain matters like no compliance of audit  and accounting standards or failure to maintain doc. as prescribed by law and so on .and it is duty of auditor to qualify report and give reason for that by using words "subject to".note:he only has reservation but it doen't mean that financial statements do not show true and fair view.

Mr.Bhatt has answered ur two questions.

& i would suggest you to read your audit book.

u will get a clearer picture.

Thanks Mr. abhishek.

thats right...these r very basic things...