15-27 j$fjj Each of the follo,ving phrases, listed as 1 through 5 belo\v, is from a paragraph in an auditor's report. Assume that except for the information indicated in the phrase, the report would have been an unqualified opinion \vith no report modifications. Select from the follo\ving 846 Chapter 15 Audit Reports for Financial Statement Audits INTERNATIONAL list (a through d) the most likely opinion for the indicated phrase. Each choice in the list may be used once, more than once, or not at all. a. Unqualified opinion b. Qualified opinion c. Adverse opinion d. Disclaimer of opinion 1. In our opinion, except for the omission of the statement of cash flows ... 2. We are not independent with respect co KC Company .. . 3. . .. based on our audit and the report of ocher auditors .. . 4. . .. presents fairly, in all material respects . .. 5. . .. the scope of our work \Vas not sufficient to enable us ...