adverse opinion


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Related to adverse opinion: Disclaimer of opinion
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Noun1.adverse opinion - an opinion concerning financial statements (usually based on an audit by a CPA) that the statements as a whole do not present results fairly or are not in conformity with the generally accepted accounting practices of the United Statesadverse opinion - an opinion concerning financial statements (usually based on an audit by a CPA) that the statements as a whole do not present results fairly or are not in conformity with the generally accepted accounting practices of the United States
opinion, view - a message expressing a belief about something; the expression of a belief that is held with confidence but not substantiated by positive knowledge or proof; "his opinions appeared frequently on the editorial page"
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But it has not been quite so often remarked that this power (fallible, like every other human attribute) is for the most part absolutely incapable of self-revision; and that when it has delivered an adverse opinion which by all human lights is subsequently proved to have failed, it is undistinguishable from prejudice, in respect of its determination not to be corrected.
The audit reports of Mazars, the consolidated financial statements of MMIL and subsidiaries as of and for the years ended December 31, 2013 and 2014 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles.
In terms of strengthening disclosure and protecting investors, the CMA's board issued its resolution to suspend trading the shares of a listed company if the certified public accountant's report on its preliminary or annual financial statements included a Disclaimer of Opinion or an Adverse Opinion and it will be lifted after removing the Disclaimer of Opinion or an Adverse Opinion from the financial reports.
The Auditor s opinion shall be unqualified unless the auditor furnishes SPSA by September 30 of each year the reasons for qualifying the opinion, disclaiming an opinion, or rendering an adverse opinion.
This study contributes to the growing literature on internal controls and the impact of SOX by investigating the factors that affect the decision to switch auditors, either by dismissal or resignation, following the issuance of an adverse opinion on internal controls over financial reporting (ICOFR) by auditors.
According to the editorial, By striking a fiercely nationalist pose, the military and intelligence establishment may be trying to reverse the pressure of adverse opinion about their readiness and competence that has overtaken public perception of late, reflected in the barrage of criticism unleashed against these institutions in the media.
As soon as we read the court's adverse opinion, we filed an immediate appeal.
This SAS establishes three types of modified opinions: namely, a qualified opinion, an adverse opinion, and a disclaimer of opinion.
It is a real breath of fresh air in its market slot that, despite recent adverse opinion directed towards 4x4s, still remains a vibrant sector with much to choose from.
respect their right to have an adverse opinion of us and a vessel of rancour
Observers say a ruling in Kosovo's favour would lead more countries to recognise its independence, while an adverse opinion could push it into negotiating a settlement with Serbia.
for this period did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles.