circumflex: a diacritical mark (^) placed above a vowel in some languages to indicate a special phonetic quality
entity: that which is perceived or known or inferred to have its own distinct existence (living or nonliving)
adverse opinion: an opinion concerning financial statements (usually based on an audit by a CPA) that the statements as a whole do not present results fairly or are not in conformity with the generally accepted accounting practices of the United States