What does adverse opinion mean?

adverse opinion meaning in Law Dictionary

n AUDIT ADVICE by an external auditor indicating that a business

adverse opinion meaning in Business Dictionary

Independent auditor's penned view (with supporting reasons) your financial statements of a business (1) cannot relatively present its real budget, (2) aren't in conformity using the provisions GAAP and/or, (3) the necessary information ended up being both perhaps not disclosed, or (if revealed) was inadequately revealed or ended up being inaccurate. Also known as auditor's unfavorable viewpoint.

adverse opinion meaning in General Dictionary

a viewpoint regarding monetary statements (usually based on an audit by a CPA) that the statements as a whole don't present results relatively or aren't in conformity with the generally speaking accepted bookkeeping practices of the US