When auditors discover more serious and widespread problems with a firm's statements, they will offer an adverse opinion.

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An adverse opinion is given by auditors when they discover significant issues with a firm's financial statements, indicating that the statements do not fairly represent the company's financial position or performance. This opinion indicates that the financial statements are materially misstated and not reliable for making business decisions.

When Auditors Discover More Serious and Widespread Problems with a Firm's