?For each of the following brief scenarios, assume that you are reporting on a client's financial statements. Reply as to the type(s) of opinion possible for the scenario.

In addition:

Unless stated otherwise, assume the matter involved is material.

If the problem does not state that a misstatement (or possible misstatement) is pervasive, assume that it may or may not be pervasive (thus, the appropriate reply may include two possible reports).

Do not read more into the circumstance than what is presented. Do not consider an auditor discretionary circumstance for modification of the audit report unless the situation explicitly suggests that the auditors wish to emphasize a particular matter. Report Types may be used once, more than once, or not at all

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Report ed Inaurance coarage ralated to a a matertal pordon of the company's asets could be Bowies Company engaged h a harardous trade and has cetained inaurance coverage rolated to 1. Unmod led the hazard Athough the llkelhood is remota dastroyed by a serlous acddant Drawes Company owns substandal propartias that have apprecated sgificantly in value ince standard report with an 2. Unmod ud e date of purchase. The proparties wore apprabed and are raported in the balance shoat a appralsed values (wrich materlally axceed costs) w th related dsdoares The CPAs balleve that the appralsed values reported in the balarce shoot reasonably eat imate the asets aument values ot matter paragraph c. During the audlt of Eagie Company, the CPA 1m has encountered a signiicant scope limitation Qualirisd 5. Dbdalmar or advene ratating to rw ntory record availabl.ty and Is unable to obtain suMiciant appropriate audit dence in that anea. btain suficiant appropriate audit evb d. London Company has maternal westments in stocks of subeidlary companlas Stocks of the sub adlary comparies are not activaly traded in the markat, and the CPA rm's engagamant dos nok axtand to any ssdary company. The CPA im is able to datermins that all Investments are carrled at orngiral cost market could be mutartal. It ooud not havo a pervashvo emwct on th overall firgndal statanants lade Company has materlal Irwes panies are actvly traded in the market. Managament irslsts that al Investrents be carrlad at origha Ethar advee costs, and t CPA firmgdsned that the orignal oo acorata. Tha CPA firm bsilaes that the dlart wil naver uttimataly ra alza a suta tartal por on of the InvKtmarts beausQth markat value much lowar than the cost the dient has uly dleclosed the tects In notes to the financlal statomant 6 Ether qualfed t but has no roal ldea of markat valus Although the differance between cost and 7. Ethar qailned or a S tm en ts In stocks of sutddary companies. Stocks of the subaldlary o m dlaimer or dbdaimer a subatantial pordon of the Investmarts t