Question 1 [1O Marks] Part A- (6 Marks) For each of the following independent and material circumstances, identify the type of audit opinion required and explain the basis of your answer. Situation 1 Your client, Home and Away Ltd, had a challenging year and did not keep appropriate books and records. This was due to the accounting department being understaffed, transactions were not entered promptly, and reconciliations were not performed. To sort out the mess, a temporary accountant was employed; however, he was unable to even reconcile the bank account at year end. Therefore, the audit was extremely difficult this year, and you are not satisfied all transactions that occurred during the year are reflected in the nancial report. Audit opinion (1 mark} Explanation (1 mark} Situation 2 While auditing your client Basma & Basma Ltd for the year ended 30\"1 June 2021. You have identified material misstatements of the property, plant, and equipment account due to the incorrect depreciation rate used for the past five years. However, recent technological changes in the industry have convinced you that the useful lives of Basma and Basma's property plant and equipment account need to be adjusted, resulting in an increased depreciation charge. The Directors of Basma and Basma refuse to make any change to the depreciation rates, despite you explaining that this will put them in breach of the requirements regarding impairment tests Audit opinion (1 mark) Explanation (1 mark)