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TeachMeFinance.com Adverse Opinion -- Statement given by unbiased auditors of a company that present operating conditions and financial status are not correctly exhibited in the firm's financial statements. This is a more severe conclusion than Qualified Opinion, where the auditor gives strictures only with respect to a few matters. Needless to say, investors need to be very careful before purchasing the stock of a company given an adverse opinion. another definition... adverse opinion -- an opinion issued by an independent auditor when the financial statements of a financial institution do not fairly present the institution's financial condition. See qualified opinion. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.