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Ishaq International LTD, UK, incorporated on 3^rd Feb 2020. The companies financial year ends 31^st Dec each year. Mr. X1, Mr. X2, Mr. X3, Mr. X4, Mr. X5, Mr. X6 and Mr. X7 are managers of the Ishaq International LTD. Mr. John is a partner of B4 Audit firm and appointed as external auditor for Ishaq International LTD.

From the above details, you are required to answer following questions under each section given

below:

1. Explain about the compnay (type), fiancial year, and auditor
2. Mr. John has submitted unqualified audit report. Explain the contents of such report.
3. Audit report dated 5^th March 2020. Suppose, there is a natural calamity happened during Jan 2020, what type of audit report can Mr. John make? and Why?