You work as an audit senior with BDC & Associates, an audit company that is Steam (Pvt) Ltd's auditor for the fiscal year ending March 31, 2020. Following is information taken from the audit completion memo by the engagement partner who evaluated the audit file:The materiality which was determined based on the profit before tax was P500,000. The business has built a new office facility. The building was finished on February 26, 2020, and it began operations on March 1, 2020. The construction cost of P15 million was included in the Statement of Financial Position as of March 31, 2020 under capital work-in-progress. The corporation depreciates structures over a ten-year period. Inventories valued at P8 million as of March 31, 2020 were sold for P3 million in April 2020. The corporation reported a loss of P5 million as a result of this transaction in April 2020. You are required to: a. Assess the impact of the above matters on the audit opinion of Auditors Report on Financial Statements for the year ended 31st March 2020.