In auditing the long term investments account, Daniels, CPA is unable to obtain audited financial statements for an investee located in a foreign country. Daniels concludes sufficient appropriate audit evidence regarding this investment cannot be obtained.

For each of these situations listed below, identify the appropriate opinion type from the options provided

- A. B. C. D. E. F.	Assume the potential effect on the financial statements is immaterial.
- A. B. C. D. E. F.	Assume the potential effect on the financial statements is moderate.
- A. B. C. D. E. F.	Assume the potential effect on the financial statements is high.
- A. B. C. D. E. F.	Is the senario presented a GAAP issue or a GAAS issue?

A.	Adverse
B.	GAAS
C.	Disclaimer
D.	Unqualified
E.	"Except for" qualified
F.	GAAP