It is now the end of July, and you are finalising the audit. On 20th July, one of DMCs containers is stolen. You note from your working papers that insurance does not cover the huge amount of valuable items stored in the container, and there is a material discrepancy between the expected insurance payout and the loss.

Question 11 Required: Explain what you expect DMCs management to do relative to the accounts in this circumstance.

need brief answers. thanks in advance but need ASAP..