. 1I'ou begin to have serious doubts regarding "BME's" viability for the 201321313 nancial year and the issue of it being a "going oonoern" NW enters into your thoughts. 'Itou decide to have a closer and more detailed look at the company and begin 1.vith the previous nancial year's nancial statements [Prot and Loss and Balance Sheet to lune 2512}. the Auditor's Report and the Director's Dedarion. Refer to the "Case Study 1lI'IlI'orIIring Files" for aocess to these documents. 'I'ou notice that even though they did not begin trading as at 30 June. 2012 there was oonsidelable Balance Sheet activity 1.vith the purchase of NonCurrent Assets and the establishment oi a. Bank Loan. Furthermore. a considerable amount oi" Capital was injected into the business by one owner and the Current Assets were totally madeup of cash in the bank. As a resuit. \"BME\" decided to opt for an independent audit on its nancial statements by your audit rm Ilyhid'l Iwas then under the contIol oi the Audit Partner. who signedoff the Auditor's Report on behaii of your rm. The Audit Partner has now moved- on to another division of your organisation narnely Insolvencyr and Reconstruction. After inspecting the tour documents. is it reasonable to assume that the Auditor's Report and the Director's Declaration are correct? Please give your reasons