You are completing the audit of three unrelated clients for the year ended 31 December. In each case the audit is otherwise complete and the matters below remain unresolved. (i) Lagos Textiles Limited has included inventory at ₦180,000,000. Your testing indicates that ₦40,000,000 of this is obsolete stock whose net realisable value is ₦5,000,000. Management refuses to write it down. Profit before tax is ₦95,000,000 and total assets are ₦620,000,000. (ii) Kaduna Farms Limited suffered a fire that destroyed all accounting records for the first four months of the year. There are no alternative records and you have been unable to verify transactions for that period, which represents about 35% of revenue and expenses. (iii) Enugu Logistics Limited has a material uncertainty over going concern arising from the expiry of its principal loan facility. Management has disclosed the uncertainty fully and appropriately in the notes. Required: For each client, state with reasons the type of audit opinion you would issue and describe the effect on the wording of the audit report. (20 marks)