QUESTION

Part A

The finance director of Swanson Pty Ltd, a manufactures men's clothing, informed you that the cor closing one of its smaller production sites and as a result, a number of employees would be made rec A redundancy provision of $150,000 is included in the draft financial statements. A few months have no passed, and the audit team is performing the audit fieldwork including the audit procedures which you recommended over the redundancy provision.

PART D

You are the auditor of a consolidated entity a significant component of whose accounting records have been seized indefinitely by government authorities.

REQUIRED

For each of the above situations you are required to indicate the type of audit opinion you would issue, as well as the reasons for issuing the particular audit opinion.