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Describe what audit procedures you (the auditor) likely performed which resulted in your discovery of these subsequent events. 3. There was an avalanche in Park
Describe what audit procedures you (the auditor) likely performed which resulted in your discovery of these subsequent events.
3. There was an avalanche in Park City, Utah resulting in serious damage to the Companys main manufacturing plant on February 14, 2020. Even after insurance reimbursements, the Company expects to have material losses as a result of the avalanche. (Note: you do not need to discuss the adequacy of their insurance policy).
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