An auditor would issue an adverse opinion if:
A)the audit was begun by other independent auditors who withdrew from the engagement.
B)a qualified opinion cannot be given because the auditor lacks independence.
C)a restriction on the scope of the audit was significant.
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 auditor concludes that the financial statements, taken as a whole, do not fairly present the financial condition and results of operations of the company. This is considered the most negative type of auditor's opinion.

An Auditor Would Issue an Adverse Opinion If