adverse opinion


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Related to adverse opinion: Disclaimer of opinion

Adverse opinion

An independent auditor's opinion expressing that a firm's financial statements do not reflect the company's position accurately. See also: Qualified opinion.

Adverse Opinion

A statement by an auditor that a company's financial statements are inaccurate, whether accidentally or deliberately. An adverse opinion usually follows a report from an internal audit or external audit. Auditors attach adverse opinions to reports if the company's financial statements diverge a great deal from the Generally Accepted Accounting Principles.

adverse opinion

An opinion by a firm's auditors that the firm's financial statements do not accurately present its operating results or financial position. This unusual opinion is a strong warning that investors should be wary. Compare clean opinion. See also qualified opinion, subject to opinion.
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Only material weaknesses are required to be disclosed under Sections 302 and 404, and they are automatically accompanied by an adverse opinion on internal controls by the auditor.
Other Considerations Relating to an Adverse Opinion or Disclaimer of Opinion
If, in those or other situations, the auditor concludes that the accounting principles used caused the financial statements to be materially misstated, he or she should express a qualified or an adverse opinion.
The audit reports of KPMG on the Company's consolidated financial statements for the fiscal years ended December 31, 2014 and 2013 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles.
Auditing Services Unit, On A Timely Basis, Their Reasons For Qualifying The Opinion, Disclaiming An Opinion Or Rendering An Adverse Opinion.
The consolidated financial statements of Linktone and subsidiaries as of and for the years ended December 31, 2011 and 2012 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles.
All deficiencies and recommendations resulting in a modified or adverse opinion will be included in the system or engagement review report.
After an adverse opinion was received, Aiko and Paul Walker file suit in the District Court, Parish of Bossier, seeking damages from the hospital, alleging strict liability.
She went on: 'Employers giving references must ensure reasonable care has been taken to check the accuracy of all the facts provided in the reference, and in particular the accuracy of any facts from which an employer expresses an adverse opinion of the employee.
Before Wednesday's ruling, government lawyers said they would appeal any adverse opinion to the Supreme Court.
On July 29, 2011, L&L Energy's independent auditor submitted a report to L&L Energy's board giving an adverse opinion on the company's internal controls over financial reporting.