Tab E includes ten $(10)$ independent situations for which you must indicate the appropriate audit report type:

a$)$ Indicate the condition $($whether change in accounting principle, non$-$compliance with GAAP, none, reports involving other auditors, or scope of audit has been restricted$)$

b$)$ Indicate the type of opinion in the audit report. $($See listing below for your reference$)$

c$)$ In the comments column, describe the situation why you conclude that type of opinion, whether materiality, using an accounting method that is not GAAP, etc.

d$)$ The listings are for your reference. You can repeat if necessary or include an option that is not included.

Condition

No disclosure in financial statements.

Client imposed scope limitation

Scope limitation$,$ alternative procedure

Departure from GAAP

Change in estimate

Other auditors responsibility.

Loss contingency

Subsequent events

Accounting principles not consistently applied.

Correction of material misstatement in previously issued F$/$S$.$

Emphasis of a matter.

Uncertainties $-$ Going concern.

Type of Opinion

Unqualified $-$ standard opinion

Unqualified with emphasis paragraph

Unqualified with additional information in opinion and responsibility

Unqualified with additional related information

Qualified

Adverse

Disclaimer$6.$ The CPA Executives firm has completed its audit of a bus company's financial statements for the year ended December $31,2022.$ Prior to $2022,$ the company depreciated its buses over a $10-$year period. During $2022,$ the company determined that a more realistic estimated useful life for its buses was $12$ years and calculated $2022$ depreciation based on the revised estimate.

Condition:

Type of Opinion:

Comments:

$7.$ The CPA has become convinced that $12$ years of life is reasonable. The company has adequately disclosed the change in the estimated useful life of its buses and the effect of the change on $2022$ revenue in a note to the financial statements.

Condition:

Type of Opinion:

Comments:

$8.$ An auditor discovered that a client made illegal political bribes to a Puerto Rico gubernatorial candidate. The auditor was unable to determine the amounts associated with the payments due to the client's inadequate record retention policies. The client has added a note to the financial statements to describe the illegal payments and has stated that the amounts of the payments are not determinable.

Condition:

Type of Opinion:

Comments:

$9.$ A client is issuing $2$ years of comparative financial statements. The first year it was audited by another auditor who is asked to reissue his audit report. $($Response to successor auditor's report$).$

Condition:

Type of Opinion:

Comments:

$10.$ When auditing the long$-$term investment account of a new client, the auditor finds that there is a large contingent liability that is important to the consolidated company. This contingent liability is likely to be resolved with a material loss in the future, and this amount is reasonably estimable at $$2,000,000.$ Although no adjustment entry has been made, the client has provided a note to the financial statements describing the matter in detail and including the estimate of $$2,000,000$ in that note.

Condition:

Type of Opinion:

Comments:

$11.$ During the course of his audit of the financial statements of a corporation for the purpose of expressing an opinion on the statements, an auditor is denied permission to inspect the minutes of meetings of the board of directors that document significant decisions of the board $.$ Instead, the corporation secretary offers to provide the CPA with a certified copy of all resolutions and actions related to accounting matters.

Condition:

Type of Opinion:

Comments: