(Please answer all parts - I will rate! Thanks!) Problem 17: For the following scenarios, assume you are the CPA reporting on the client's financialstatements Determine the circumstance that applies to the situation and the type of opinion thatneeds to be issued for this nonpublic company. You may use all, some, or none of the circumstancesand opinions.Emphasis of Matter or other-matterparagraphA client has departed from GAAP for what you, the auditor, considers to be not justifiable. It has caused thefinancial statements to be materially misstated.Circumstance:Type of Opinion:A client has departed from GAAP for what you, the auditor, considers to be justifiable. The financial statementswould have been misleading if the client had not departed from GAAP.Circumstance:Type of Opinion:While auditing the long term investments for a new client, you the auditor, are unable toobtain the audited financial statements for the investee located in Dubai. You have concludedthat it is impossible to obtain sufficient, appropriate evidence regarding the specific investment.Circumstance:Type of Opinion:The client is involved in a major lawsuit. This leads you to believe that there is substantialdoubt about the client's ability to continue as a going concern for a reasonable period of time.You feel that the financial statement disclosures related to the lawsuit are adequate. This leads youto not issue a disclaimer of opinion.Circumstance:Type of Opinion:You have chosen to take responsibility for the work of another CPA firm who audited a 60%owned subsidiary and issued an unmodified opinion. The total assets and revenue of the subsidiary are4% and 7%, respectively of the total assets & revenues of the company being audited.Circumstance:Type of Opinion:(Please answer all parts - I will rate! Thanks!)