Consider each of the following independent situations concerning companies incorporated under the Corporations Act 2001. Assume that in each situation the auditors have no concerns other than those prescribed: (a) You are the auditor of Dawn Limited (Dawn). Dawn has intangible assets, being trademarks, which are recorded in the accounts at $3,500,000. The value is the same as in the prior year. During the year, your client commissioned an independent valuation of the trademarks. This valued them at $2,475,000. Management refuses to adjust the financial report to reflect the revised calculation. The materiality for the client has been set at $1,300,000. Assume that, with the exception of this issue, you are satisfied in all other material respects. (b) Your client has lost most of its accounting records due to a fire in its accounts department. Although, it is able to partially reconstruct its financial statements due to an asset stocktake and third-party confirmation procedures, there is no documentation to support other transactions for the year. (c) You are the auditor of Bevit Lid. Management of Bevit Limited has decided not to disclose related party transactions as they are not material. You cannot convince management to change is decision. However, you do agree that the amounts are not material. (d) Management of Coco Limited has estimated the provision for warranty should be $550,000. As auditor you believe that the allowance should be $675,000. Management will not change its estimate. Profit before tax for the year is $440,000. (e) You are the auditor of National Lid. You were unable to obtain confirmations from two of the client's major customers that were included in the sample. These customers wrote on the confirmation letters that they were unable to confirm the balances because of their accounting systems. The auditor was able to become satisfied by other audit procedures. (f) You are the auditor of PNB Lid (PNB). Due to recurring operating losses and working capital deficiencies, the status of the PNB as a going concern is extremely doubtful. However, the financial statement disclosures concerning these matters are adequate. Required: For each of the above situations (a-f), determine the appropriate audit opinion to be issued and explain providing the appropriate reasons