You and your team are working on a private client audit. See the situation below. Determine the type of audit report you would issue by selecting one or more of the options below. In the year under audit, your client, Pen Inc. acquired a new 70% subsidiary. It will be consolidated with Pen. You concur with the accounting. Adverse Qualified Explanatory language Unmodified Emphasis of a matter You and your team are working on a private client audit. See the situation below. Determine the type of audit report you would issue by selecting one or more of the options below. During the audit of Electronic Equipment Co., you found that a material amount of inventory had been excluded from the company's financial statements. After discussing this problem with management, you become convinced that it was an unintentional oversight. Management appropriately corrected the error prior to your finalization of fieldwork. Qualified Emphasis of a matter Adverse Unmodified Explanatory language You and your team are working on a private client audit. See the situation below. Determine the type of audit report you would issue by selecting one or more of the options below. Kooky Komputers is suing your client, Software Specialists, for royalties over patent infringement. Software Specialists' outside legal counsel stated in its Legal Letter response to you that Kooky's case is completely without merit. Adverse Qualified Unmodified Emphasis of a matter Explanatory language Which assertion is addressed by tracing entries in the capital stock account to a resolution in the minutes of the board of directors' meetings? You may need to provide more than one. Occurence Authorization Presentation and Disclosure Valuation and Allocation Completeness If you were auditing your client's long-term investment in stock of a publicly traded company and sent a confirmation to an independent custodian requesting they confirm the number of shares owned by your client, you would be testing which assertions? You may need to provide more than one. Rights and Obligations Presentation and Disclosure Authorization Existence Completeness O Valuation