If a company materially misstates certain items on its financial statements,an accountant conducting an audit of the company should provide which type of opinion?

Question

Quizplus · Accepted Answer

An adverse opinion is issued when the financial statements of a company are materially misstated, meaning that the statements are not presented fairly in accordance with the applicable financial reporting framework. This type of opinion indicates that the auditor believes the financial statements are so materially misstated that they do not accurately reflect the financial position or results of operations of the company, and should not be relied upon by users of the financial statements.

If a Company Materially Misstates Certain Items on Its Financial