The financial year of Hadrian Ltd ended on 30 June 2015. Your auditor's report was signed on 25 August and the financial statements were issued on 10 September. Listed below are events that occurred or were discovered after the end of the financial year. Assume that each has a material effect on the financial statements.

1. 1 August — A lawsuit was filed against Hadrian for damages that allegedly occurred before 30 June. In the opinion of Hadrian's lawyers, there is a danger of a significant loss.

2. 15 August — You discovered that MacTavish, a debtor of Hadrian went bankrupt on 10 August.

The most recent sale had taken place on 25 May and no transactions had occurred since that date.

3. 1 September — You discovered that a legal action commenced against Hadrian in relation to a faulty product sold in May 2015.

4. 15 September — A fire burnt down one of Hadrian's warehouses, resulting in a loss of 30% of the inventory that was on hand at that date.

5. 30 September — You discovered that Sporran, a debtor of Hadrian, went bankrupt on 15 July.

Sales to Sporran were all made before the end of the year.

6. 30 September — You discovered that Haggis, a debtor of Hadrian, went bankrupt on 25 September. The sale had taken place before the end of the year, but the amount had appeared collectable at the date on which the auditor's report was signed.

Required

a. Indicate your responsibilities for each of the above events.

b. Indicate the type of disclosure (if any) you would recommend in relation to each of the six events.