An adverse opinion is issued when the auditor believes the auditor is not independent. some parts of
Fantastic news! We've Found the answer you've been seeking!
Question:
An adverse opinion is issued when the auditor believes
- the auditor is not independent.
- some parts of the financial statements are materially misstated or misleading.
- the overall financial statements are so materially misstated that they do not present fairly the financial position or results of operations and cash flows in conformity with GAAP.
- the financial statements would be found to be materially misstated if an investigation were performed.
Related Book For
Forensic Accounting and Fraud Examination
ISBN: 978-0078136665
2nd edition
Authors: William Hopwood, george young, Jay Leiner
Posted Date: