In which of the following circumstances would an adverse opinion be appropriate?
A)An uncertainty prevents the issuance of a standard unqualified opinion.
B)The statements are not in conformity with generally accepted accounting principles regarding stock options plans.
C)The auditor has been unable to obtain sufficient competent evidential matter.
D)The principal auditors decide to make reference to the report of another auditor who audited a subsidiary.

Question

Quizplus · Accepted Answer

An adverse opinion is appropriate when the financial statements are not in conformity with generally accepted accounting principles (GAAP).

In Which of the Following Circumstances Would an Adverse Opinion