Please answer all of the questions below. This is all the information that are given. Thank you.

Question 1 6 Marks (a) What are the objectives of a financial statement audit? (3 Marks) (b) Explain three main limitations of a financial statement audit. (3 Marks)Question 3 8 Marks A new client has been paying its suppliers late consistently - well in excess of the suppliers' agreed credit terms. As a result, some suppliers have begun demanding cash on delivery from the client. You are also aware that a review of correspondence between the new client and its banks reveals that the new client has been experiencing cash flow problems for two years. Required (a) Discuss whether there are any events or conditions that may cast significant doubt on the new client's ability to continue as a going concern. (4 marks) (b ) List and explain two alternative audit opinion options available to the auditor in this situation. (4 marks)Question 2 8 Marks List and briefly explain the four main types of audit opinions. Opinion 1 Opinion 2 Opinion 3 Opinion 4