An auditor would issue an adverse opinion if:
A)a qualified opinion cannot be given because the auditor lacks independence.
B)the audit was begun by other independent auditors who withdrew from the engagement.
C)the financial report taken as a whole does not fairly present the financial condition and results of operations of the entity.
D)the restriction on the scope of the audit was significant.

Question

Quizplus · Accepted Answer

An adverse opinion is issued when the financial report as a whole does not fairly present the financial condition and results of operations of the entity. It indicates that the financial information is materially misstated and unreliable.

An Auditor Would Issue an Adverse Opinion If