In the auditor's report, how do qualified opinions and adverse opinions differ from one another? Select answer from the options below Qualified opinions state that financial statements are an accurate reflection of financials, whereas adverse opinions state that the statements are inaccurate due to errors, omissions, and fraudulent entries. Qualified opinions state that financial statements are inaccurate due to a lack of conformity with GAAP, whereas adverse opinions state that financial statements are inaccurate as a result of inadequate disclosure. Qualified opinions confirm that financial statements appear to be true though more information is needed to confirm the opinion, whereas adverse opinions state that the statements appear to be false though more information is needed to confirm the opinion. Qualified opinions confirm the credibility of the financial statements while highlighting exceptions to the standard, whereas adverse reports indicate exceptions that are so material that credibility cannot be confirmed.