1. At year-end Mikhail Malkounivic sent out accounts receivable confirmations. One of the major customers of his client confirmed that they would not be able to pay off the receivable. What type of subsequent event was this? Please support your answer.

2. When Warinksi Beckelov was unable to perform work on inventory because of a clients insistence that he does not perform an inventory taking, what kind of audit opinion would he most likely consider? Please support your answer.

3. When Joseph Grazianov mentioned that the entire financial statements were materially misstated, what kind of opinion was this? Please support your answer.