Consider the following independent and material situations. Assume that you are the audit partner on the engagement: 1. Your client reported a note receivable consisting of principal and accrued interest receivable. The maker of the note filed a bankruptcy petition, but the client refused to reduce the recorded value of the note to its net realisable value. The net realizable value was 22 per cent of the amount reported. 2. You are auditing Woodcolt Linen Services for the first time. Woodcolt has been in business for several years but has never had an audit. After the audit is completed, you conclude that the current-year financial report is presented fairly in accordance with accounting standards. The client didnt authorise you to do test work for any of the previous years. 3. Four weeks after the year-end date, a major customer of Prince Construction Company Ltd went into liquidation. Because the customer has confirmed the balance due to Prince at the financial report date, management refuses to charge off the account or otherwise disclose the information. The receivable represents approximately 10% of accounts receivable and 20% of profit from ordinary activities. 4. Auto Delivery Company Ltd has a fleet of several delivery trucks. In the past, Auto Delivery has followed the policy of purchasing all equipment. In the current year, it decided to lease the trucks. The method of accounting for the trucks is therefore changed to lease capitalisation. This change in policy is fully disclosed in footnotes. Required: Nominate what type of audit report are you going to issue in each of the above independent situation. Explain your answer. (3 + 3 + 3 + 3 = 12 marks)