In which one of the following instances would an auditor most likely issue an adverse opinion?
A) Management declines to present earnings per share in the income statement.
B) There is substantial doubt about the entity's ability to continue as a going concern.
C) There is a material dollar misstatement that overshadows the overall financial statements.
D) The client does not allow the auditor to send confirmations to its three largest customers.

Question

Quizplus · Accepted Answer

An adverse opinion is issued when there is a material misstatement that pervasively affects the financial statements, making them misleading.

In Which One of the Following Instances Would an Auditor