q2: For the following independent and material circumstances, identify the type of audit opinion required and explain the basis of your answer. Your client Weetbix Pty Ltd is an exporter of wool to the world's colder regions. Due to the recent Covid19 outbreak, customer orders have declined by over 50 per cent. The fall in profit placed your client in breach of the conditions of its bank loan. The bank has temporarily frozen Weetbix's bank account and other assets while refinancing negotiations occur. These items are adequately disclosed in a note to the accounts.