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5. The field work for the September 30, 2020 audit of Workday Ltd was finished November 19, 2020 and the completed financial statements accompanied by
5. The field work for the September 30, 2020 audit of Workday Ltd was finished November 19, 2020 and the completed financial statements accompanied by the signed audit report, were issued December 6, 2020. On October 20, 2020, a lawsuit was filed against Workday Ltd for a wrongful dismissal of an employee that allegedly took place in early 2020. In the opinion of Workday's lawyers, there is a danger of a significant loss to the client. Required For the above material event, state the appropriate action to be taken by the auditor and provide the rationale for your response. (2 marks)
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