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 Says:
This is not a good thing for companies. When auditors have completed their investigation as an adverse opinion it implies wrongdoing.
Related Links:
Learn what it means to do your homework on a company's performance and reporting practices before investing. Advanced Financial Statement Analysis




