11.17You are auditing Lifetime Tours Ltd for the year ended 30 June 2018. The financial report will be approved and signed by the directors on 30 July 2018, with the auditor's report signed on the same date. The audited financial report will be issued on 12 August 2018 After 30 June 2018 the following information came to light 1. On 1 July 2018, the government issued a travel warning to a number of African countries. Forty-five per cent of Lifetime Tours' business comes from running adventure tours in the countries mentioned in the warning 2. On 15 July 2018, one of Lifetime Tours' clients, Jungle Adventures, went into liquidation. Jungle Adventures purchased travel packages in bulk. A letter from the liquidator dated 30 July 2018 indicated that creditors were likely to receive '$0.10 in the dollar'. At 30 June 2018, Jungle Adventures owed Lifetime Tours $1,245,285 and Lifetime Tours had provided for 10 per cent of the amount owed as a doubtful debt 3. On August 2018, a bus transporting a Lifetime Tours tour group in New Zealand crashed. Some passengers on board, including the Lifetime Tours guide, and the driver had minor injuries. Lifetime Tours is concerned about the negative publicity relating to the crash.