Financial Statements
Adverse Audit Opinion
Definition
What is Adverse Audit Opinion?
An audit opinion stating that material misstatements are pervasive and the statements are not fairly presented.
Example in practice
How This Looks in Practice
The adverse opinion warns investors not to rely on the accounts as presented.
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Related Terms
Financial Statements
Revenue
Income generated from selling goods or services before expenses are deducted.
Financial StatementsSales Growth
The percentage increase or decrease in revenue over a period.
Financial StatementsCost of Goods Sold
Direct costs attributable to goods or services sold during a period.
Financial RatiosGross Margin
Gross profit expressed as a percentage of revenue.