$24-23($Objectives $24-2,24-5,24-7)$ The following questions concern contingencies, subsequent events, and communications with those charged with governance. Choose the best response.

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a$.$ A client acquired $25\%$ of its outstanding capital stock after year end but prior to the date of the auditor$$s report. The auditor should

$(1)$ Disclose the acquisition in the opnion paragraph of the auditor$$s report.

$(2)$