Your client, Blunt Ltd$,$ is being sued by one of its competitors for $$20$ million for an

alleged patent infringement. Your client has assets of $$40$ million and a reported

profit of $$10$ million. The client has disclosed the lawsuit in a note to the accounts

along with a statement indicating that they intend to vigorously defend the suit and

are confident of winning the suit. Your independent legal advice supports this view

and you are satisfied with the details provided by the client in the notes to the

accounts. What type of opinion should you express on the financial report of Blunt

Ltd$?$

A$.$ An unmodified opinion with an Emphasis of Matter.

B$.$ A disclaimer of opinion.

C$.$ An unmodified opinion.

D$.$ A qualified opinion or adverse opinion.