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A significant customer of the firm suffers a large economic loss after year end, but prior to completion of field work. The audit client believes

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A significant customer of the firm suffers a large economic loss after year end, but prior to completion of field work. The audit client believes this event will have material effect on the financial statements. The auditor should Select one or more! a. advise the client to delay issuing the financial statements until the economic loss can be determined. b. add a paragraph to the audit report Oc adjust the financial statements for the year under audit d. advise the client to disclose the event in the notes to the tinancial statements

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