11. You have completed the financial statement audit of a client for the financ June 2017. On 31 August 2017 the company receives a valid claim for $10 faulty products sold prior in November 2016. This amount is material. You a audit report on 5 September 2017. What (if any) action should be undertake a) Adjust the account balance in the financial statements. b) Inform shareholders that the financial statements can no longer be relie c) Disclose by way of note to the financial statements. d) No action necessary. 12. CKS Limited is a manufacturer of heavy duty machinery whose manufacturi centred in one factory. Two weeks after the end of the financial year, th manufacturing equipment was destroyed by fire. The factorand manufact