Use corresponding letters in completing the solution sheet. with his options. If more than one type of opinion may be appropriate list each. Types of Opinion A. Teie Unqualified Unqualified with an explanatory paragraph (Unqualified Plus) Unqualified with modified wording, but no explanatory paragraph. Qualified Disclaimer Adverse B. D. Opinion(s) Circumstance After the audit, you realize that Urban Manufacturing records revenue when goods are ordered and the owner, Keith, refuses to correct the situation. Margaritaville has audited Deep Clean for several years. Deep Clean is struggling to stay afloat given the economic conditions. Based on the audit team's work, Buffet has substantial doubt that Deep Clean will be in business by the end of its next fiscal year. Approximately 20% of the audit of Pickler Farms, Inc. was performed by a different CPA firm, selected by Buffet. Based on a review of their audit files, Buffet believes they did an excellent job on their portion of the audit. Nevertheless, Margaritaville CPA's are unwilling to accept responsibility Underwood Company changes from FIFO to LIFO for inventory valuation and the auditor concurs with the change. The change has a material effect on the comparability of the entity's financial statements this year. Margaritaville CPA's was just about to complete the audit of Meaty Dresses Department Store in which the financial statements appear to be fairly stated, when they discover that two individuals assigned to the audit - Senior Auditor, Lady Gaga and Tax Partner, Pink - have material investments in Meaty Dresses Paisley Inc. has changed its estimate of likely doubtful accounts from 2% of credit sales to 3%. The auditor believes the change to be reasonable. Rascal Flatts Company has departed from GAAP in the way that they applied fair value, but Buffet and the other auditors on the engagement consider the method used to be justified in this situation. Client Nelly Co. will not make essential corporate minutes available to the auditor. Chesney Co.'s inventory records were deficient and the assigned auditor equired to satisfy herself that the inventory was properly stated using alternative procedures. Buffet reviewed the work and he is satisfied with the results of those procedures