4. Completion and Review (20 marks) You 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. The following information came to light: 1. On1July2018thegovernmentissuedatravelwarningtoanumberofAfrican countries. Forty-six percent of Lifeline Tours business comes from running adventure tours in the countries mentioned in the warning. (10 marks) 2. On9August2018,abustransportingaLifetimeTourstourgroupinNew Zealand crashed. Some passengers on board including the Lifetime tours Guide T2 2020 Online Final Examination: ACC707 PG - Auditing and Assurance Page 4 of 5 Page 5 and the driver had minor injuries. Lifetime Tours is concerned about the negative publicity relating to the crash. (10 marks) Required For each situation above, assess the type of subsequent event and how each would impact Lifetime Tours' financial report for the year ended 30 June 2018, if at all