1. There was a fire that broke out a month before the year-end date. The fire has destroyed most of the accounting records and underlying receipts and invoices. Management has reconstructed the accounting records using its bank statements and other means, but they are uncertain if all material matters have been taken into account and they would like to wait until after a couple of months when subsequent receipts may assist them to compile further outstanding items. You have serious doubts as to the accuracy of the compiled figures and have been unable to verify any of the material balances. 2. You audit firm was assigned as auditors of ABC Ltd., after the annual physical inventory count was conducted. The accounting records of ABC were not sufficiently reliable to satisfy your firm as to the balance of inventory reported on the balance sheet. 3. An audit client has been making losses over the past few years. After interpreting key financial ratios, your audit team has substantial doubt about a client's ability to continue as a going concern for a reasonable pertod of time. The client has adequately disclosed its financial difficulties in a note to its financial report, which do not include any adjustments that might result from the outcome of this uncertainty. You concluded that there would be no circumstances to force the company to declare bankruptcy. Required: For each of the above independent situations, advise what type of auditor opinion from the following choices. Explain your answer. (2+2+2=6 marks ) (1) Unmodified opinion (2) Qualified opinion (3) Disclaimer of opinion (4) Adverse opinion