If we are an auditor, then carry out an audit of the financial statements by December $31,2022.$

When we conducted the audit, we received information that the client in November $2022$apparently experienced a debt covenant violation because several ratios were violated, such as the current ratio which should have been $3$:$1$to $1$:$1,$no dividend distribution was violated so there was no dividend distribution.

Because the company violated it$,$the company management then tried to have the articles arising from the violation of the debt covenant removed. In the end, the directive succeeded in requesting the bank and an agreement was made on February $28,2023.$As additional information, the date of the audit report was March $15,2023.$

Question:

$1.$What impact will the illustration of these conditions have on the Financial Report $31$December $2022?$

$2.$Does doing a wave after the balance sheet date change the composition of long$-$term contractual loans to short$-$term? Or is there no effect?

Give reasons for each component of the question and relate it to PSAK $1,$IAS $1$and IFRS