a. Under what circumstances would a qualified opinion be issued by an auditor. How do these circumstances this differ from a disclaimer of opinion? [8 marks] b. You have completed the audit of WhiteMore Limited, a provider of consumer cosmetics and vitamins for the ended 30 June 2021. You experienced several difficulties during the audit, including significant disagreements over the valuation of inventory and goodwill. The audit partner had suggested that the carrying value of goodwill was overstated by $90 million, a figure which represents 50% of the net assets of the company. As a result of discussions with the audit committee, the CFO has agreed to revise the valuations downward by $15 million. All other issues were resolved to the satisfaction of the audit partner. The audit partner is now considering the effect of this misstatement on the auditor's report. Required Explain the effect of the misstatement on the auditor's report for WhiteMore Limited for the year ended 30 June 2021. [17 marks]