MA611-Auditing - T2 2020 - Final Assessment Paper - Microsoft Word (Product Activation Failed) ces Mailings Review View Aa E3 21 T AaBBC AaBbCd AaBbcd AaBCD AaBbCD Aal Heading 2 Heading 3 1 Normal 1 Questio... 1 Questio... Bog Paragraph Styles Question 8 It is now the end of July, and you are finalising the audit. On 10 July, one of FCs shops was burgled. You note from your working papers that insurance does not cover the loss and there is a material discrepancy between the expected insurance payout and the loss. Required: Explain what you expect FC's management to do relative to the accounts in this circumstance. (3 marks) w hp