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Where the audit report in a company's financial statements contains a proviso. The auditors state that "...the company's financials fairly represent the company's financial position, except for...". In other words, they are not totally satisfied with the financial statements. This is extremely rare because, obviously, listed companies are at great pains to avoid any sort of qualification of their audit report, but it is worth just glancing at the audit report to ensure that it is not qualified.