An adverse opinion determines that the company's financial statements do not fairly represent the company's financial position,results of operations,or change in cash flows in conformity with GAAPs.

Question

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An adverse opinion is given when the auditor concludes that the financial statements of the company do not fairly represent the financial position, results of operations, or change in cash flows in accordance with Generally Accepted Accounting Principles (GAAPs). This means that there are material misstatements in the financial statements that significantly affect the overall accuracy and reliability of the financial information presented.

An Adverse Opinion Determines That the Company's Financial Statements Do