Question 39 After the financial statements with unmodified opinion have been issued to members, the auditor becomes aware that they contain a material misstatement. What should be auditor's next step? ONo action is needed because the audit has been completed O Discuss how management intends to address the matter OSeek legal advice O Carry out audit procedures on the necessary amendments (2 points) Not Yet Answered Time remaining: 01:43 Question 40 The auditor of ABC Co believes that trade receivables are materialy misstated because some amounts appear to be irrecoverable. The directors refuse to adjust the financial statements. What form of audit opinion should the auditor give? OAn adverse opinion on the basis of a material misstatement OUnmodified opinion OA qualified opinion on the basis on insufficient audit evidence on the recoverability of the debts OA qualified opinion on the basis of a material misstatement (2 points) No Val Answered Time remaining 143