Celebrity Land is a theme park operated by an audit client of Best Partners. It is located on the Gold Coast and, due to its proximity to the ocean, the rides are prone to rust and corrosion. During the 2017 school holidays, two of the most popular rides experienced major breakdowns. Children were trapped on the rides for several hours, resulting in several being taken to hospital with minor injuries. An inspection following the incident revealed that key parts needed urgent replacement. The parts are made in the United States and imported by Celebrity Land. The cost of the replacement parts is $3.5 million (against profit after tax in the previous year of $300 million). The repairs are scheduled to begin in April, with completion in July 2017.

Required

Discuss whether there are any events or conditions that may cast significant doubt on the new clients ability to continue as a going concern.