Overview

adverse opinion


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An opinion expressed in an auditors' report to the effect that the financial statements do not give a true and fair view of the organization's activities. This situation usually arises when there is a disagreement between the auditor and the directors, and the auditor considers the effect of the disagreement so material or pervasive that the financial statements are seriously misleading. See audit opinion; qualified audit report.

Subjects: Financial Institutions and Services — Accounting.


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