The company is your client and you and your audit team is in the process of completing the audit for the year.

The company is your client and you and your audit team is in the process of completing the audit for the year. The audit is nearly complete and the financial statement and the audit report are due to be signed on or before 21 February 2018. However, the finance director has just notified the following additional information to you. Assume that all the amounts mentioned in each situation are considered to be material.

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