The following are unrelated situations. For each situation outline possible deviations (if any) from an unmodified auditor's report that may be necessary, and give reasons and state any assumptions you make. Turner Corporation is a construction company that builds and repairs growing facilities for the cannabis industry. After design and three different smaller construction companies are used to build the facilities. You are concerned that some of the projects that span the year-end may result in material losses, even though income has been reported in the coming year. Management has refused permission for you to enter construction sites, as they feel that the construction sites will be dangerous and they do not want to be exposed to such liability, One month after the year-end date, a major customer of Queen Assembly and Building Co declared bankruptcy. The customer has positively confirmed the balance due to Queen at the balance sheet date. Management refuses to write off the account or otherwise disclose the information. The receivable represents approximately 10% of accounts receivable and 20% of net earnings before taxes You have been engaged to audit a new client that has been in business for several years and has always had a review. The bank has required the Company have an audit in order to access financing for an expansion. After the audit is completed, you conclude that the current year balance sheet, including inventory is stated correctly in accordance with IFRS. There has been no work performed on opening inventory W Save Our Troes it a charitable organization devoted to maintaining national woodland and Green space Fundraising is handled primarily by means of electronic mail and door to door campaigning volunteers Canvassing volunteers provide receipts at the door using pre-numbered receipts. Donors who give money by email are sent receipts by email w. You were engaged to audit the El Azz Steel Company's financial statements after the close of the corporation's fiscal year. Because you were not engaged until after the balance sheet date, you were not able to physically observe inventory, which is highly material. On the completion of your audit, you are satisfied that El Art's financial statements are presented fairly, including inventory wbout which you were able to satisfy yourself by the use of alternative audit procedures To assist in your response you can answer in the following format Example CONDITION REPORT COMMENTS Departure from ASPE Qualified ASPE requires demand debt to be classified as current The following are unrelated situations. For each situation outline possible deviations (if any) from an unmodified auditor's report that may be necessary, and give reasons and state any assumptions you make. Turner Corporation is a construction company that builds and repairs growing facilities for the cannabis industry. After design and three different smaller construction companies are used to build the facilities. You are concerned that some of the projects that span the year-end may result in material losses, even though income has been reported in the coming year. Management has refused permission for you to enter construction sites, as they feel that the construction sites will be dangerous and they do not want to be exposed to such liability, One month after the year-end date, a major customer of Queen Assembly and Building Co declared bankruptcy. The customer has positively confirmed the balance due to Queen at the balance sheet date. Management refuses to write off the account or otherwise disclose the information. The receivable represents approximately 10% of accounts receivable and 20% of net earnings before taxes You have been engaged to audit a new client that has been in business for several years and has always had a review. The bank has required the Company have an audit in order to access financing for an expansion. After the audit is completed, you conclude that the current year balance sheet, including inventory is stated correctly in accordance with IFRS. There has been no work performed on opening inventory W Save Our Troes it a charitable organization devoted to maintaining national woodland and Green space Fundraising is handled primarily by means of electronic mail and door to door campaigning volunteers Canvassing volunteers provide receipts at the door using pre-numbered receipts. Donors who give money by email are sent receipts by email w. You were engaged to audit the El Azz Steel Company's financial statements after the close of the corporation's fiscal year. Because you were not engaged until after the balance sheet date, you were not able to physically observe inventory, which is highly material. On the completion of your audit, you are satisfied that El Art's financial statements are presented fairly, including inventory wbout which you were able to satisfy yourself by the use of alternative audit procedures To assist in your response you can answer in the following format Example CONDITION REPORT COMMENTS Departure from ASPE Qualified ASPE requires demand debt to be classified as current