An auditor who determines a company is materially misstating certain items on its financial statements should issue a(n)

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An auditor who determines that a company is materially misstating certain items on its financial statements should issue an adverse opinion, which indicates that the financial statements are not in accordance with GAAP and should not be relied upon by users. An unqualified opinion indicates that the financial statements are fairly stated in accordance with GAAP, while a qualified opinion indicates that there is a departure from GAAP that is not material enough to warrant an adverse opinion. A disclaimer of opinion is issued when the auditor is unable to obtain sufficient evidence to form an opinion on the financial statements.

An Auditor Who Determines a Company Is Materially Misstating Certain