SMX Limited is a manufacturing company with operations in all states. The head office is in Sydney. SMX is the Australian subsidiary of a UK holding company. The major manufacturing plant is in Kangaroo Flats (near Bendigo). Other plants are located in Shepparton, Perth and North Altona. The Kangaroo Flats' accounts for 45% of the company's sales during the year ended 30 June 2019. The remaining 55% sales are spread evenly across the other states. The company has a turnover of $200 million. The financial statement audit has been almost completed. There were no major auditing problems to-date. It is now 8 August; and you as the senior manager are reviewing the audit files. The audit partner is due to sign the audit report on 1 September 2019. During your review you note the following events: . A flood occurred in the Kangaroo Flats manufacturing plant on 17 July causing substantial damage to inventory valued at approximately $500,000. The inventory was not fully covered by insurance. On 4 August, the company made an out-of-court settlement for a $1,500,000 workers compensation case dating back to 2017 arising from serious injuries incurred by a former employee in the factory at Kangaroo Flats. At a board meeting on 26 July, it was decided to shut down the manufacturing plant in Perth. The Perth division has been making losses over the last 3 years. This year's loss was $600,000. Required: For each of the events described above, select the appropriate action from the list below, and justify your response. (a) Adjust the 30 June 2019 financial report. (b) Disclose the information in the notes to the 30 June 2019 financial report. (c) Request the client recall the 30 June 2019 report for revision. (d) No action is required