An auditor may issue four types of opinions: (1) unqualified, (2) qualified, (3) adverse, and (4) disclaimer (no opinion). Listed below are unrelated circumstances pertaining to different types of opinions. Assume in each case that the auditor would issue an unqualified opinion except for the identified circumstance.

1. The financial statements are not in conformity with GAAP.

2. A major uncertainty exists at the balance sheet date that will not be resolved until next year.

3. The auditor is unable to perform all auditing procedures deemed to be necessary in the circumstances.

4. Accounting principles are not applied on a consistent basis.

5. There is inadequate disclosure of essential supplementary information in the financial statements.
Required:

a. Identify the conditions that must exist to justify the issuance of an unqualified opinion

b. Indicate the opinion(s) that an auditor may render for each of the above circumstances.