For Adverse Opinion we have terms and definitions in 3 topics. The topics are Accounting, Accounting Terms and Finance.

Adverse Opinion (Accounting)

is expressed if the basis of accounting is unacceptable and distorts the financial reporting of the corporation. If auditors discover circumstances during the course of the audit that make them question whether they can issue an unqualified opinionthey should always discuss those circumstances with the client before issuing the opinionin order to determine whether it is possible to rectify the problem.

Adverse Opinion (Accounting Terms)

Expression of an opinion in an AUDITORS' REPORT which states that FINANCIAL STATEMENTS do not fairly present the financial position, results of operations and cash flows in conformity with GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP). The auditor will issue an adverse opinion when there is an existence of a material weakness on the effectiveness of internal control over financial reporting.

Adverse Opinion (Finance)

An independent auditor's opinion expressing that a firm's financial statements do not reflect the company's position accurately. See also: Qualified opinion.

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