ADVERSE OPINION Definition

Bookmark and Share

ADVERSE OPINION is expressed if the basis of accounting is unacceptable and distorts the financial reporting of the corporation. If auditors discover circumstances during the course of the audit that make them question whether they can issue an unqualified opinion, they should always discuss those circumstances with the client before issuing the opinion, in order to determine whether it is possible to rectify the problem.

Learn new Accounting Terms

BRAND NAME is a name given to a product or service.

ABM see ACTIVITY BASED MANAGEMENT.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.