QUESTION 14 points Assume you are the partner in charge of the audit of XYZ Corporation's 2020 financial statements. The audit report has not yet been prepared. In each independent stution following (1-4) indicate the appropriate action (a-e) to be issued and explain your choice Issue a standard unqualified report - Issue a qualified report - Issue an unqualified opinion with an explanatory paragraph - Issue an adverse opinion - Disclaim an opinion 1- The client treated a lease as an operating lase, but the auditor believes it should have been accounted for as a capital lease. The effect is material 2- The auditor was unable to obtain confirmations from two of the client's major customers that were included in the sample. These customers wrote on the confirmation letters that they were unable to confirm the balance because of their accounting systems. The auditor was able to become satisfied by other audit procedures 3- The client restricted the weditor from observing the physical inventory. Inventory is highly (Pervasive) material item. 4- The auditor has completed the audit and ready to draft the audit report. The only issue identified during the wait telated to the valuation of inventory. The calculation of the inventory obsolescence provision is $400,000 greater than the client's calculation. This difference is mwerial to this client