For each of the following material events: (A) State whether they are Type I or Type Il subsequent events (b) State the action that should be taken by the client lie, financial statements adjusted or disclosed in the notes) in relation to each subsequent shown below. (4 marks) Assume the financial year ends on 30 June 2023 and the audit report was signed off on 15 August 2023 (c) below. List and explain the audit procedures that would have helped the auditor to identify the first two subsequent events (le, the debt placement and the bankruptcy) noled (2 marks) Event are as follows 1. The entity's management announce a large debt placement on 7 July 2023 2. A customer was declared bankrupt on 4 July 2023. The customer's debt is material and was considered collectable at year end. 3. The entity's largest factory in Brisbane was exterisively damaged after a flash flood on 10 July 2023. The damage is not fully covered by insurance. 4. The outcome of an ongoing legal case from several years ago against the client by an ex-employee was made on 2 July 2023. The difference between the contingent lubalty recorded in the notes bo the financial statements and the legal settlement is material