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

Question

Quizplus · Accepted Answer

An adverse opinion indicates that the independent auditor found one or more material departures from GAAP.

If the Financial Statements Cannot Be Relied Upon Because They