adverse opinion (Meaning)
adverse opinion (n)
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
Synonyms & Antonyms of adverse opinion
No Synonyms and anytonyms found
adverse opinion Sentence Examples
- The auditors expressed an adverse opinion on the company's financial statements, citing significant irregularities and discrepancies.
- Shareholders were deeply concerned when they learned about the auditor's adverse opinion, leading to a decline in the stock value.
- The board of directors convened an emergency meeting to address the adverse opinion and implement corrective measures.
- The management team was taken aback by the unexpected adverse opinion from the external auditors, prompting a thorough internal review.
- Investors reacted swiftly to the adverse opinion, selling off their shares amid fears of financial mismanagement.
- The CEO faced intense scrutiny following the release of the adverse opinion, and calls for accountability echoed throughout the industry.
- The company's credit rating plummeted due to the adverse opinion, making it challenging to secure loans and investments.
- A public relations crisis unfolded as the media highlighted the adverse opinion, tarnishing the company's image and credibility.
- The regulatory authorities launched an investigation into the circumstances that led to the adverse opinion on the financial reports.
- In an effort to regain trust, the company implemented sweeping changes in its financial reporting practices after receiving the adverse opinion.
FAQs About the word 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 confo
No synonyms found.
No antonyms found.
The auditors expressed an adverse opinion on the company's financial statements, citing significant irregularities and discrepancies.
Shareholders were deeply concerned when they learned about the auditor's adverse opinion, leading to a decline in the stock value.
The board of directors convened an emergency meeting to address the adverse opinion and implement corrective measures.
The management team was taken aback by the unexpected adverse opinion from the external auditors, prompting a thorough internal review.
