Question: The field work for the June 3 0 , 2 0 2 3 , audit of Tracy Brewing Company was finished August 1 9 ,

The field work for the June 30,2023, audit of Tracy Brewing Company was finished August 19,2023, and the completed financial statements, accompanied by the signed audit reports, were filed September 6,2023. In each of the highly material independent events (a. through h.), state the appropriate action (1 through 4) for the situation and justify your response. The alternative actions are as follows:
1.Adjust the June 30,2023, financial statements.
2.Disclose the information in a footnote in the June 30,2023, financial statements.
3.Request the client to recall the June 30,2023, statements for revision
4.No action is required.
The events are as follows:
a.On December 14,2023, the auditor discovered that a debtor of Tracy Brewing went bankrupt on July 15,2023, due to declining financial health. The sale generating the receivable had taken place January 15,2023.
b.On December 14,2023, the auditor discovered that a debtor of Tracy Brewing went bankrupt on October 2,2023. The sale had taken place April 15,

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