The following types of audit opinions can be issued by an auditor when reporting on a client’s financial statement. Briefly describe each type of opinion and give 2 examples of a situation in which a company would be issued such an opinion. 

(1) Unmodified opinion —standard. 

(2) Unmodified opinion with an emphasis-of-matter paragraph. 

(3) Unmodified opinion with an other-matter paragraph. 

(4) Unmodified opinion with divided responsibility on group financial statements. 

(5) Qualified opinion. 

(6) Adverse opinion. 

(7) Disclaimer of opinion.