Assume that the following separate circumstances could be sufficiently material to require the expression of a qualified opinion:

1.Management wanted to reduce the allowance for doubtful debts by $5 million. The auditor did not agree and felt that it should stay at its current level.

2.The auditor was engaged to audit the client after the entity's year-end, so the auditor could not observe the inventory count that was held at year-end.

3.The entity is a defendant in a major litigation (relating to a faulty product) that has not been settled as of the date of signing the auditor's report.

4.A fire in the company's office because of a faulty photocopier has destroyed all records of accounts receivable as at year-end.

5.The disclosure of directors' benefits does not comply with the accounting standard for related party disclosures (AASB 124 Related Party Disclosures (IAS 24)).

6.A new competitor in the market over the past year has raised serious concerns about the entity's ability to continue as a going concern.

7.The directors refused the auditor access to 3 months worth of the minutes of directors' meetings because they contained discussion of a highly confidential matter.

8.The company changed its method of depreciation from straight line to reducing balance, necessitating a restatement of previous year's statements.

Required

Indicate the effect of the above circumstances on the auditor's report.