q5: 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 julv 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: * Adjust the 30th june 2022 financial report
• * 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
• On 10th August 2022, CoCo Pops Ltd paid a deposit for a new warehouse and will most likely make the final payment by 30th September 2022. Action (1 mark)? Reason (1 mark)?