(Auditing course)

Please choose the proper audit report opinion (Standard Unmodified Opinion, Qualified Opinion, Adverse Opinion, Disclaimer of Opinion) for the following situations. Situation Opinion When the auditor concludes that there is substantial doubt about the entity's ability to continue as a going concern. The client fails to include information that is highly material for the fair presentation of financial statements in the body of the statements or in the footnotes. Management has recorded prepaid insurance as an asset in the previous year. This year, to reduce record-keeping costs, it expenses insurance. If the amount is immaterial to the financial statements. The financial statements are not in conformity with the IFRS. A scope limitation prevents the auditor from completing an audit procedure for an account with very highly material balance. Auditor was unable to confirm accounts receivable with the client's customers. However, because of detailed sales and cash receipts records, auditor was able to perform reliable alternative audit procedures. One week before the end of fieldwork, auditor discovered that the audit manager on the client engagement owns a material amount of client's common stock. Client changed its method of computing depreciation in 2019. Auditor concurred with the change and the change is properly disclosed in the financial statement footnotes. Auditor relied upon another CPA firm to perform an immaterial part of the audit. Management of client refuses to allow the auditor to observe, or make, any counts of inventory. The recorded book value of inventory is highly material