Question
q4: The following timeline applies to your audit client Coco Pops Ltd (CP), which manufactures and exports breakfast cereals to overseas markets. * A balance
q4: The following timeline applies to your audit client Coco Pops Ltd (CP), which manufactures and exports breakfast cereals to overseas markets. * A balance date of 30 June 2022: * Directors declaration and audit report to be signed on 28th july 2022 * Financial and audit reports to be mailed to shareholders on 4th August 2022. Required: For the following independent and material situations, select the appropriate action from the list below, and justify your responses:
* A. Adjust the 30th June 2022 financial report * b. Disclose the information in a note on the 30th June 2022 financial report * c. Request that the client recall the 30th June 2022 financial report for revision * D. No action is required.
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