This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What does the adverse opinion of an auditor mean in terms of a firm's financial ... (Read 87 times)

Mimi

  • Hero Member
  • *****
  • Posts: 542
on: Jul 14, 2018
What does the adverse opinion of an auditor mean in terms of a firm's financial statement?

Question 2

Which of the following is an example of a horizontal merger?
 A) The purchase of a catering firm by Delta Airlines
  B) The purchase of Marathon Oil Company by U.S. Steel
  C) The purchase of Kentucky Fried Chicken by PepsiCo
  D) The purchase of Sam's Meat Packing Company by the Kroger supermarket chain
  E) The purchase of Mobil Oil by Exxon


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

allisonblackmore

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jul 14, 2018
Answer to Question 1

When auditors discover serious and widespread problems with a firm's statements, they offer an adverse opinion. An adverse opinion indicates that the auditor believes the financial statements are seriously flawed and that they may be misleading and unreliable. Adverse opinions are very rare, so when an auditor renders one it should set off alarm bells, warning stakeholders to view the information in the firm's financial statements with real skepticism.

Answer to Question 2

E


Mimi

  • Member
  • Posts: 542
Reply 2 on: Jul 14, 2018
Gracias!

scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Rebound Tenderness, Apply Firm Pressure to the Abdomen Rebound Tenderness, Apply Firm Pressure to the Abdomen
Terms Used for Trunk and Limbs Terms Used for Trunk and Limbs
Propaganda to influence public opinion surrounds us, but most propaganda is covert, difficult to ... Propaganda to influence public opinion surrounds us, but most propaganda is covert, difficult to ...
Directional Terms Directional Terms
Common Adverse Effects of Corticosteroids Common Adverse Effects of Corticosteroids
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Conjunctivitis

For a complete list of videos, visit our video library