1.When arriving for the audit you pick up the F/S and notice thatIndigo has a large impairment loss in the current year.You were expecting some impairment given the state of the economy / company, but didn't think it would be this big.When reviewing the details of impairment losses you notice that 75% of the account should have been recorded as "Operating, selling and other expenses".If management does not adjust for this error what report would you issue and why?Fully justify your response in the table below.Note that you should assume that the report has not yet been finalized and this is the only error you are considering. There are no errors in the set of F/S you are using and you do not need to find any.

Material? (1 mark)

Error Type?

Explanation of accounting issue / scope restriction (if applicable)

Pervasiveness discussion (if applicable)

Report Conclusion

2.What does it mean that Indigo's audit report is dated June 23, 2020? What are two comments you can make about this date?