Question 3 QUESTION 3 15 marks You are an experienced audit manager at Samway Baker Fitzgerald (SBF), an accounting firm with offices in Orange, Wagga Wagga, Tamworth, Port Macquarie and Albury in NSW,T in Victoria. Part A (8 marks) You are currently trying to understand the accounting treatment of the following material events for one of your key clients, Caroline Vann Ltd. Caroline Vann's timeline: Year end: 30 June 2021 Date of audit report: 2 August 2021 Date financial statements authorised for issue: 25 August 2021 Event 1: The share price went up significantly on 5 September 2021. Event 2: One of Caroline Vann's main customers, Plummet Ltd, became bankrupt on 10 August 2021. Caroline Vann initially became aware of this customer's financial difficulties 6m Event 3: Caroline Vann's major production plant was destroyed by a fire on 6 July 2021. Required For each of the above events, identify the appropriate accounting treatment and justify your response. Part B (7 marks) You are also currently finalising audits for another three clients: Dodgy Brothers, Alexandra Brown, and Old College, and are trying to determine the correct Auditor's Opinion that n June 2021 for each of them. Grace Brown (3 marks) Grace Brown is a wealth management company that provides its customers with access to a comprehensive range of both Australian and international investment solutions. Using invest directly into the US and access other related products overseas. After an investigation, ASIC uncovered suspicious trades that had occurred during the 30 June 2021 financial by a suspected Chinese hacker who hacked into several retail customer accounts and traded them in such a way that prices were inflated. During its investigation ASIC seized some of the financial records of Grace Brown. As a result, you were unable to audit the following account balance: investment. Investments make position and constitute a significant and high-risk account balance. Go