Question: You completed the fieldwork for the December 3 1 , 2 0 2 1 audit of Dewman Industries on February 1 5 , 2 0
You completed the fieldwork for the December audit of Dewman Industries on February and delivered the completed statements with auditor's report on March For this highly materialevent indicate the appropriate action from the alternatives listed below.
On June the auditor discovered that a debtor of Dewman went bankrupt on April The sale had taken place October but the amount appeared collectible at December and February
Group of answer choices
No action is required.
Adjust the December financial statements.
Disclose the information in the December financial statements.
Request the client to recall the December financial statements.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
