identify whether the situation will require adjustment or disclosure in the 2015 financial report. Explain why

You are now at the completion stage of the audit of RPL for the year ended 30 June 2015, with the auditor's report to be signed on 15 August 2015. On 10 August, while finalising the audit file, the following additional information has come to your attention. () On 10 June 2015, RPL placed an order with one of its Asian suppliers for $50 000 worth of high quality paper for a glossy publication to be printed in July 2015. The order of paper was shipped on 15 June 2015 but, due to severe storms, the ship carrying the paper ran aground in Indonesia. On 30 June 2015, salvage experts were still unable to say when the ship could be removed or its cargo unloaded, although it was expected that the paper would have suffered severe water damage, and it was uninsured