An 'adverse' opinion is issued when:
Aall fair
Bmisstatements are both material AND pervasiveCORRECT
Cno material issues
Dfees unpaid
ICANAudit & Assurance
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
Adverse opinion: FS as a whole are misleading. Material AND pervasive misstatement.
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