An auditor would issue an adverse opinion if:
A)the auditor encounters adverse attitudes toward the auditor on the part of company management.
B)a qualified opinion cannot be given because the auditor is not qualified to do so.
C)an immaterial misstatement is present.
D)the statements taken as a whole do not fairly present the financial condition and results of operations of the company.

Question

Quizplus · Accepted Answer

An adverse opinion is issued when the financial statements taken as a whole do not fairly present the financial condition and results of operations of the company. This means that there are material misstatements present in the financial statements that are significant enough to affect the decisions of users of the statements.

An Auditor Would Issue an Adverse Opinion If