Auditors must still take responsibility for their opinion about conformity with GAAP when they give an adverse opinion.

Name: Auditors must still take responsibility for their opinion about conformity with GAAP when they give an adverse opinion.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An adverse opinion indicates that the financial statements do not conform to GAAP, but auditors are still responsible for expressing their opinion based on their findings and ensuring that users of the financial statements are aware of the non-conformity.

Auditors Must Still Take Responsibility for Their Opinion About Conformity