If the financial statements cannot be relied upon because they contain one or more material departures from GAAP,what type of opinion will the auditor issue?
A)Qualified opinion
B)Disclaimer of opinion
C)Adverse opinion
D)Unqualified opinion

Question

Quizplus · Accepted Answer

An adverse opinion indicates that the independent auditor found one or more material departures from GAAP and the departures from GAAP are so material that the financial statements do not present a fair picture of the company's status.

If the Financial Statements Cannot Be Relied Upon Because They