For each of the following independent situations, determine the type of opinion that will most likely be issued by the firm auditing the financial statements of a U.S. company. (2*7=14 points)

	There is substantial doubt about the client's ability to continue as a going concern. However, the financial statement disclosures concerning these matters are adequate.
- .	The auditor finds that the firm is not independent of the client on the last day of fieldwork.
	The client discloses in the notes to the financial statements certain lease obligations. The auditor believes that the failure to capitalize these leases is a departure from generally accepted accounting principles. The amount of the leases was material but not highly material.
	The client fails to record an immaterial amount of insurance paid in advance as an asset.
	The client does not record impairment of goodwill and will not depreciate property and equipment. Both are considered highly material.
	The client will not allow the auditor to view the minutes for the entire year under audit and beyond. The effect is highly material.
	The client changes its inventory valuation method from FIFO to LIFO. The auditor concurs with the change although it has a material effect on the comparability of the entity's financial statements.

a.	Standard unmodified/unqualified opinion.
b.	Unmodified/unqualified opinion with emphasis matters
c.	Qualified Opinion
d.	Adverse opinion.
e.	Disclaim an opinion.