The auditor will issue un-qualified audit report with explanatory paragraph when: Select one: a. Changes in accounting principles, such as a change from FIFO to LIFO inventory valuation b. The auditor is not independent c. The scope of the audit has been restricted d. The financial statements are present fairly in all material respect when the auditor concludes that the overall financial statement are not present fairly he or she will issue a Select one: a. Disclaimer opinion b. Unqualified opinion O e c. Qualified opinion O d. Adverse Opinion