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Storm Company Subsequent to the financial year end, a severe tropical cyclone caused flooding to the region in which this companys factory plant is located.
Storm Company
Subsequent to the financial year end, a severe tropical cyclone caused flooding to the region in which this companys factory plant is located. The flooding caused a damage to the companys production facilities which you considered to be a material amount out of the total assets. This loss would not be reimbursed by the companys insurance policy as this event was the result of an act of God. The newspaper already described this event in details.
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Suggest an appropriate audit opinion to be issued, explain your reasons.
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