The term unqualified refers to something or someone that does not meet certain standards, requirements, or expectations. It can be used in various contexts such as education, employment, finance, and more. For example, an individual may be described as unqualified if they lack the necessary skills, experience, or credentials for a particular job position. In accounting, financial statements are considered unqualified when there is no issue with their accuracy but the auditor wishes to draw attention to certain matters that require explanation. Overall, being unqualified means falling short of meeting standards and not meeting expectations.