BNET Business Dictionary
Business Definition for: Adverse Opinion
- a statement in the auditor's report of a company's annual accounts indicating a fundamental disagreement with the company to such an extent that the auditor considers the accounts misleading
Additional Resources
- Arrow Electronics Receives Adverse Opinion in Bankruptcy Proceeding
- MELVILLE, N.Y. -- Arrow Electronics, Inc. (NYSE:ARW) announced that an opinion has been rendered in a bankruptcy proceeding (Bridge Information Systems, et. anno v. Merisel Americas, Inc. & MOCA.) in favor of Bridge Information Systems ("Bridge"), the estate of a former Global Enterprise Computing Solutions ("ECS") customer that declared bankruptcy...
- Research articles 2008-03-10
- Atypical Circumstances in Statements of Actuarial Opinion on P&C Loss Reserves: Professional Considerations and Sample Wordings
- While the majority of statements of actuarial opinion regarding loss reserves are relatively straightforward, occasionally the actuary is confronted with atypical situations. These situations may include financially distressed or insolvent companies, ceded reinsurance collectibility issues, significant influence of a small group of claims, items requiring the disclosure of a significant...
- White papers 2004-08-12
- State Bancorp, Inc. Announces Change in Accounting Firm
- JERICHO, N.Y. -- State Bancorp, Inc., parent company of State Bank of Long Island, announced that is has filed Form 8-K reporting that it has terminated the services of Deloitte and Touche LLP ("Deloitte") as the Company's independent registered public accounting firm. The reports of Deloitte on the financial statements...
- Research articles 2005-08-18
- Remec auditor departs
- Remec Auditor Departs: Remec Inc.'s independent accountants, Ernst & Young LLP, resigned but gave no explanation for the departure. E&Y will leave soon after the accounting firm completes a review of Remec's third quarter, which ends Oct. 29, Remec said. Remec said, for the last two years, E&Y's financial...
- Research articles 2004-10-11
- Aceto Corp. taps BDO Seidman as independent auditor
- Aceto Corp. has hired BDO Seidman LLP as its independent auditor, replacing KPMG.In a Securities and Exchange Commission filing, Aceto said BDO Seidman would audit its financial statements and take internal control over financial reporting. BDO Seidman takes over June 30. Aceto (Nasdaq: ACET) didn't give a reason for the...
- Research articles 2005-11-30
- Audit Firm Quits San Diego's Maxwell Technologies.
- By Bruce V. Bigelow, The San Diego Union-Tribune Knight Ridder/Tribune Business News Mar. 31--San Diego's Maxwell Technologies said yesterday that Deloitte & Touche resigned as its independent auditing firm, taking the company and its board by surprise. The resignation...
- Research articles 2004-03-31
- Opinion: Personal View - Economy slowdown benefits markets as inflation fears retreat.
- Byline: Kevin Rendino Recent weeks have been a difficult time for equity markets. The sharp correction reflected the emergence of inflation concerns, which raised the possibility of more aggressive monetary tightening with adverse implications for economic and profits growth. Markets become vulnerable to...
- Research articles 2006-07-03
- Continental Fuels Declares 3 for 1 Stock Split - Retains New Auditing Firm
- SAN ANTONIO -- Continental Fuels, Inc. (OTCBB:CFUL) has declared a 3 for 1 stock split for shareholders of record as of April 13, 2007, payable on April 20, 2007. This split will be recognized at the open of trading on April 23, 2007. Continental has also retained the firm...
- Research articles 2007-04-20
- Journal Uses Out-of-Date Info to Bash Merck's Gardasil
- Pharmalot and the Wall Street Journal both used outdated information in items they published on Merck's Gardasil today. That's a shame, because having accurate, up-to-date information is crucial in sorting fact from squeamishness about the controversial HPV vaccine that is now mandatory for many schoolgirls. The WSJ and Pharmalot pointed...
- Blog posts 2008-11-12
- Signet Group plc Q3 2007 Earnings Call Transcript
- Question-and-Answer SessionOperator Thank you. The question and answer session will be conducted electronically. [Operator Instructions]. We'll take our first question now from Dahab Shahri [ph] from Dasco [ph]. Please go ahead. Unidentified Analyst Hi. A question on the like for like drop since early November. Do you have any...
- Earnings calls 2007-11-27
- Theravance, Inc. Q3 2008 Earnings Call Transcript
- Question-and-Answer SessionOperator Operator instructions Your first question from Analyst for May-Kin Ho – Goldman Sachs. Analyst for May-Kin Ho – Goldman Sachs Just quickly, how different is your filing package for skin infections to the FDA versus to the European regulatory agency? Rick E. Winningham Yes, this is Rick...
- Earnings calls 2008-10-29
- BofA Knew of Merrill Pain in November: House Panel
- By Rachelle Younglai and Kim DixonWASHINGTON (Reuters) - A congressional panel accused Bank of America Corp BAC on Tuesday of knowing about Merrill Lynch's huge losses as early as November 2008, suggesting the bank misled investors in saying it did not grasp the depth of the problems until the following...
- News items 2009-11-17
- Will Small Biz Get Sarbox Impunity?
- The House Financial Services Committee has passed a bill that would exempt just over half of all publicly traded companies from the contentious internal-control provision of the Sarbanes-Oxley Act that requires an auditor opinion. The proposed exemption has a long way to go before smaller companies can drop plans...
- News items 2009-11-04
- Creating Cross-Functional Teams
- Most business projects require a wide variety of skills to complete the tasks involved. If you're managing such a project, it's almost axiomatic that you will be directing a group of individuals from different backgrounds: They may be members of your own organization, from other units of your company, or...
- Articles 2007-10-04
- Keeping On Top of Project Management
- A project can be an awkward beast to manage. Because the purpose of a project is to bring about change, the context is often unsettled and uncertain. As a result, unexpected issues tend to crop up—changes occur and mistakes are made. An effective project manager must accept that the unexpected...
- Articles 2007-10-08
- Canadian consumers suspicious of GM foods
- Canadians remain deeply suspicious of biotech food even though they have been consuming it for years with no evidence of adverse health effects, according to a report from the Canadian Press. More than 90% of people surveyed for Health Canada last year said they were concerned about the long-term risks...
- Research articles 2005-02-07
- "Never Events" and Hospital Infections -- An Impossible Goal?
- I've written sympathetically about the efforts of Medicare and private insurers such as WellPoint to eliminate avoidable medical errors -- particularly so-called "never events," such as surgery on the wrong side of the body or operations that leave sponges or instruments inside the patient -- by refusing to pay for...
- Blog posts 2008-08-31
- Carter says US policies hit international human rights
- WASHINGTON AFP ? Former US president Jimmy Carter called for a change to tough US security policies introduced after the September 11 attacks which he said had been used by other countries to justify clamping down on human rights. Highlighting the effect of the Iraqi prison abuse scandal on...
- Research articles 2004-05-14
- Planting a seed.(agricultural biotechnology has been largely successful, despite adverse public opinion)
- Despite appearances, agricultural biotechnology has been a success. Whether it will bring truly radical change remains to be seen MEDICAL biotechnology may have its troubles, but at least most people favour developing new treatments and methods of diagnosis. Agricultural biotechnology is not so fortunate....
- Research articles 2003-03-29
- BIOTECHNOLOGY UPDATE: Briefs
- * The European Food Safety Authority EFSA said in an opinion published on July 15 that three types of GM maize corn hybrids "will not have adverse effects on human and animal health or on the environment" and that they are "no different from their conventional counterparts with regard to...
- Research articles 2005-09-01
