adverse opinion :

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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
News & Articles

  • Hyperdynamics -3.6% as it loses accounting firm
    Deloitte & Touche quits as Hyperdynamics' ( HDY -3.6% ) public accounting firm in the latest apparent fallout from investigations by the Department of Justice and SEC into the acquisition and retention of exploration rights in Guinea which a partner said would cause it to declare force majeure on a project in the country. None of Deloitte's reports contained an adverse opinion about HDY ...
    April 2, 2014 - Seeking Alpha

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