On July $27,20$X$0,$ Arthur Ward, CPA, issued audit report on the financial statements of De the year ended June $30,20$X$0.$ Two weeks late Company mailed annual reports, including th financial statements and Ward's audit report, stockholders and to several creditors of Dexte Dexter Company's stock is not actively traded exchanges or over the counter.

On September $5,$ the controller of Dexter Cor Ward that an account payable for consulting s amount of $\backslash$$$170,000$ had inadvertently been o Dexter's June $30$ balance sheet. As a consequ for the year ended June $30$ was overstated by$!$ applicable federal and state income taxes. Bot Dexter's controller agreed that the misstatemt Dexter's financial position at June $30,20$X$0,$ : results for the year then ended.

What should Arthur Ward's course of action $1$ Discuss.