You are finalizing the audit of LMNOP Ltd and you have come across the following material events. State what evidence would have brought the following to your attention, how you would access the importance of these issues, and how these items should be disclosed in the financial statements:

1. The company has acquired another company after the audit field work was completed but before the audit report is issued
2. There was a fire in the warehouse, after the audit field work was completed but before the audit report is issued. The inventory was insured
3. Debt covenants on existing loans to the bank
4. Discuss the following independent situations regarding audit opinions.

Explain and answer all the questions asked.