Eric's CPAs have recently completed the audit of Sunglow Corporation. Since the date of the audit report, it has come to light that significant related party transactions had occurred in the past year. As a result of this finding, what should the audit firm do? O The audit firm should advise client management that because this information did not come to light until after the date of the audit report, they have no responsibility for this new information. O The audit firm should extend audit procedures to effectively audit this new information, and consider amending the audit opinion if necessary. O The audit firm should audit the areas affected by this new disclosure, but make it clear in the audit report that the date of the report is not being extended. O None of these answer choices are correct.