The audit partner responsible for the audit of Letham, a limited company, has completed the overall review of the financial statements and discussed all significant matters arising with the directors. Her conclusions are as follows:

1 The company cannot continue in operational existence for the foreseeable future.

2 Full disclosure of the company's trading difficulties has been made in the notes to the financial statements.

3 The financial statements have been prepared on the going concern basis.

4 The directors have refused to make any further adjustments to the financial statements and the break-up value of the assets would be significantly lower than their carrying value.

What type of audit report should be issued?