You are a public accountant in the public accounting  firm of Lind and Hemming. One of your larger clients  is Yukon Corp., a company incorporated under the Canada  Business Corporations Act. Yukon Corp. has a December 31  year-end. The entity’s 2020 audit was completed in January  2021; the auditor’s report was dated January 28, 2021.  It is now August 2021 and professional staff from your  office are working at Yukon doing interim work on the  December 31, 2021, audit. Yesterday, the senior in charge  of the audit gave you a memo dated August 4, 2021, revealing  that the staff have discovered that several large blocks of  inventory were materially overpriced at December 31, 2020,  and have since been written down to reflect their true value.  You have just finished reviewing again the 2020 working  papers and have determined that the error was a sampling  error; your firm does not appear to have been negligent.

 
REQUIRED 
Using the ethical decision-making framework from Chapter 4,  explain what action you would take and why. Support your  answer.