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Question Two (total of 3 marks) For each of the four independent situations described below, indicate the audit report the auditor should issue and proyide

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Question Two (total of 3 marks) For each of the four independent situations described below, indicate the audit report the auditor should issue and proyide justication for your answer. Note, except for the matters discussed in each question, assume that the nancial statements present a true and fair view. {a} Due to the failure of a major customer ve days after the balance date, you hate determined that it is highly unlikely that your client will be able to continue in business as a going concern for a period of 12 months after reporting date. The client has agreed to disclose this fact in the directors' declaration. [2 marks] Opinion [1 mark]: Justication {1 mark}: (b) Your audit client has decided against disclosure of employee long seryice leaye entitlements information as required by AASB 119 Empioyee Benets in the notes to the nancial statements, on the basis that doing so will result in nancial statements that do not present a true and fair yiew and that the information cannot be disclosed due to condentially agreements in employment contracts. [2 marks] Opinion (1 mark]: Justication {1 mark)

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