(B) You are a manager in the Quality Control Review Department of Veracita & Co, and are currently responsible for reviewing the appropriateness of your firm's proposed auditor's reports on financial statements. The draft financial statements of Unet Group for the year to 30th June 2018 disclose the following notes: (i) Significant event: During the year, Unet Group sold a significant amount of its business and certain assets (plant and equipment and inventory) and commenced a systematic winding down of its operations. The Group's remaining assets (including property, trade receivables and cash) were sufficient to meet the group's liabilities, as at 30th June 2018. (ii) Accounting policies: The consolidated financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards. As described in Note (i), the group has commenced the winding down of its operations and remaining assets have been restated to their net realizable values. There are no other disclosures relating to the going concern basis although the 'significant event' is referred to in the directors' report under the heading 'principal activities and business review'. Unet Group ceased to trade in October 2018. The auditor's report on Unet Group's financial statements for the year ended 30th June 2017 was unmodified