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FOR THE FOLLOWING AUDIT CIRCUMSTANCES - DECIDE WHICH OPINION SHOULD BE GIVEN * UNMODIFIED OPINION * UNMODIFIED WITH AN EXTRA PARAGRAPH * QUALIFIED OPINION *

FOR THE FOLLOWING AUDIT CIRCUMSTANCES - DECIDE WHICH OPINION SHOULD BE GIVEN* UNMODIFIED OPINION* UNMODIFIED WITH AN EXTRA PARAGRAPH* QUALIFIED OPINION* ADVERSE OPINION* DISCLAIMER OPINIONCASE 1-You are auditing Simon Quan. There has been miscounting of inventory in doing the annual stock count. It has not been possible to quantify the error, but you do know that there was a computer glitch that resulted in almost all inventory counts being duplicated. The rest of the audit was uneventful and no significant errors or material areas of concern were found. What should be the audit opinion to be issued ?CASE 2-You are auditing Belize City Council but you are not satisfy yourself as to the accuracy of the amounts recorded for accounts receivable this year and previous year and you are also concerned about the adequacy of the provision for bad debts for both years What should be the audit opinion to be issued ?CASE 3-You are auditing BTL and its subsidiaries and the client was unable to provide you with all the information and evidence you needed for that subsidiary which was just acquired during the year and which is one of 15 other subsidiaries. What should be the audit opinion to be issued ?CASE 4-You are engaged to audit Simon Quan. Simon Quan uses the perpetual inventory method and uses the LIFO method of inventory costing. All information and evidence requested was provided. What should be the audit opinion to be issued ?CASE 5-You are auditing XYZ Construction and the company has provided all information and records. The financial statements provided are the Statement of Financial Position, The Income Statement, The statement of Changes in Equity, and the Statement of Cash Flows. What should be the audit opinion to be issued ?CASE 6- You are auditing BWS and you are having problems with fixed assets as to existence, carrying values, and recording. You have already found evidence that some fixed assets have not being recorded. You are unsure whether disposals have beenproperly accounted for. What should be the audit opinion to be issued ?Case 7-You are auditing UB. You have not been able to do confirmation of accounts receivables directly with students. You have been provided subsequent months records to show collections and you have done analytical and other proceduresWhat should be the audit opinion to be issued ?Case 8-You have been auditing HardPay Inc The audit for last year resulted in an unmodified opinion however HardPay has been living up to the name and has been giving problems to pay up the audit fee charged. You are auditing the current year. No issues have been uncovered All information have been provided. What should be the audit opinion to be issued ?Case 9 You have been auditing XYZ Company. The audit uncovered that an accrual was necessary which resulted in an increase in Revenues and increase in Trade Receivables. XYZ reviewed the proposed audit entry, agreed and booked the audit entryWhat should be the audit opinion to be issued ?Case 10-You have been auditing BWS and this year you found out that BWS have changed its depreciation method from straight line to double declining method. The change in depreciation method has been captured in the notes by BWSWhat should be the audit opinion to be issued ?

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