1. Identify the various reporting situations requiring other than a standard unqualified report and determine the appropriate audit report that should be issued. Please also describe the information that is included in a standard unqualified audit report on internal control over financial reporting.
2. Identify and describe two tests of detail for both the long-term debt and stockholders' equity areas.Please also discuss how to use planning analytical procedures to identify possible material misstatements associated with debt obligations and stockholders' equity transactions.