If the information contained in the financial statements is not presented fairly in conformity with generally accepted accounting principles, the auditor will issue a(n)
A)modified opinion
B)qualified opinion
C)adverse opinion
D)disclaimer of opinion

Question

Quizplus · Accepted Answer

An adverse opinion is issued when the financial statements are not presented fairly in conformity with generally accepted accounting principles. This is the most serious type of audit opinion that an auditor can issue.

If the Information Contained in the Financial Statements Is Not