(Learning Objective 1: Expressing an audit opinion) You have just completed the audit of four companies: Ahakir, Bhakir, Chakir and Dhakir. The conclusions of the audits are summarized below for each company.

■ Ahakir: Its financial statements fairly represent the company’s financial position and performance, but the audit team disagreed with management’s use of a particular estimate.

■ Bhakir: Its financial statements are wrought with errors, as the accountant has completely messed up the translation of various foreign currencies in numerous accounts.

As a result, the balance sheet, whilst still balanced, is not a faithful representation of the economic phenomenon during the financial period.

■ Chakir: The accountant was not able to explain numerous discrepancies. One of the major problems was that the receivable, inventory, and payable control accounts do not tally with their respective sub-ledger, making it impossible to audit.

■ Dhakir: The audit highlighted a number of immaterial differences in the calculation of depreciation for the year.

❙ Requirements Propose the most appropriate type of audit opinion for Ahakir, Bhakir, Chakir, and Dhakir based on the audit notes above.