For each of them following situations identify the type of Audit Opinion that should be given and

briefly state a reason.

a)An auditor was auditing the financial statements of Binnings for the first time and while he found its financial statements had no material misstatements for the current year the company had not been following the accounting standards prior to the current year he could not verify the opening balances of the accounts .

b)Tim Johnson, Auditor, had been carrying out his audit and was concerned that he could not verify the value of four large Accounts Receivable in the Kliens company. Jim, however, was able to carry out alternative audit procedures to verify the balance of these accounts. c) Duel Leaper, Auditor, was carrying out an audit on the Vault company which maintains a large property portfolio ,about 30% of total assets ,and has been advised by Vault that they will not allow him to verify the existence of over half the items in the property portfolio. d) Martha Simpson carried out an audit on a local firm which sells meals and coffee .She is concerned that cash is only banked once per week and she cannot find details of cash received or banked . e)Recent industrial action has seen trade unions win a pay increase of 4% for all their members. Under the terms of the agreement, the pay increase will be backdated to 1 January 2021, resulting in a charge equal to 10 % of profit. Management have agreed to the pay increase, however, they have not made any adjustments to the 30 June 2021 financial report.