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adverse opinion

 - 2 dictionary results
Financial Dictionary

Adverse Opinion

A professional opinion made by an auditor indicating that a company's financial statements are misrepresented, misstated, and do not accurately reflect its financial performance and health.

Investopedia Commentary

This is not a good thing for companies. When auditors have completed their investigation as an adverse opinion it implies wrongdoing.

Related Links

Advanced Financial Statement Analysis

See also: Auditor's Report, GAAP, Qualified Opinion

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Financial Dictionary

adverse opinion

An opinion by a firm's auditors that the firm's financial statements do not accurately present its operating results or financial position. This unusual opinion is a strong warning that investors should be wary. Compare clean opinion. See also qualified opinion, subject to opinion.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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