Remaining Time: 1 hour, 14 m 2 conde Question completion Seat QUESTIONS spam Assume you are the partner in charge of the audit of XYZ Corporation's 2020 financial statements. The sudit report has not yet been prepared tech dependent on following (1-4) indicate the appropriate action (-) to be bued and explain your choice - Issue a standard unqualified report bIuue a qualified report ce an unqualified opinion with an explanatory paragraph d-Ie an adverse opinion - Disclaim an opinion 1. The client treated a leve as an operating lense, but the auditor believes it should have been accounted for as a capital cast. The effect is material 2. The auditor was unable to obtain confirmations from two of the client's major customers that were included in Deumple. These customers wrote on the confirmation we that day we unable to confirm the balances because of their accounting system. The auditor was able to become sisted by other nudit procedures 3- The client restricted the auditor from observing the physical inventory. Inventory is highly (Pervasive) mere 4- The moditor has completed the audit and ready to draft the audit report. The only issue identified during the wait related to the valuation of inventory. The calls of the inventory obsolescence provision is $400,000 greater than the client's calculation. This difference is material to this client For the toolbar, press ALT.F10 (PC) Or ALTOFN+F10 (Mac). B TVS 3 Arial 2 63 10pt EA Paragraph I. XOD Q X X 2 T - 112