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Suggest appropriate action for each of the situations

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Question - You are auditing on of your clients, Harvey Normal who has a year end 30 June 2021. The audit report is expected to be signed on 30 September 2021 and the Annual General Meeting (AGM) will be held on 14 October 2021. You observed the following occurrences:

a) An employee at Harvey Normal slipped and fell on the floor at work in May 2019. He is suing the company for damages. The Board refuse to acknowledge any liability.

b) A debtor of Harvey Normal appeared collectible at year end and again at 30 September 2021. However, before the AGM you discover he is bankrupt.

c) A flood occurred in July 2021 at one of the company's warehouses and damaged a significant amount of stock which was uninsured.

d) The company announced a takeover of Clive Waters Electricals on 1 October 2021.

Required - Suggest appropriate action for each of the above material situations.

Reference no: EM133038634

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