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The fieldwork for the December 3 1 , 2 0 X 8 audit of Pumpkin Corporation ended on March 1 3 , 2 0 X

The fieldwork for the December 31,20X8 audit of Pumpkin Corporation ended on March 13,20X9. The financial statements and auditor's report were issued and mailed to stockholders on March 23,20X9. In each of the situations below, select from the list at the end of the problem the appropriate action to be taken by the auditor. Assume all situations are material.Situations:
(1)On April 5,20X9, you discovered that on February 16,20X9, a flood destroyed the entire uninsured inventory in one of Pumpkin's warehouses.
(2)On February 17,20X9, you discovered that on February 16,20X9, a flood destroyed the entire uninsured inventory in one of Pumpkin's warehouses.
(3)On February 17,20X9, you discovered that on November 30,20X8, a flood destroyed the entire uninsured inventory in one of Pumpkin's warehouses.
(4)On April 5,20X9, you discovered that on March 30,20X9, a fire destroyed one of Pumpkin's 10 plants.
(5)On April 7,20X9, you discovered that a debtor of Pumpkin went bankrupt on January 6,20X9.
(6)On January 16,20X9, a lawsuit was filed against Pumpkin for a patent infringement action that allegedly took place in early 20X8. In the opinion of Pumpkin's attorneys, there is a reasonable (but not probable) danger of a significant loss to Pumpkin.
(7)On February 19,20X9, Pumpkin settled a lawsuit out of court that had originated in 20X8 and is currently listed as a contingent liability.
(b)Adjust the December 31,20X8 financial statements.
(c)Disclose the information in a footnote in the December 31,20X8 financial statements.
(d)Request the entity revise and reissue the December 31,20X8 financial statements. The revision should involve an adjustment to the December 31,20X8 financial statements.
(e)Request the entity revise and reissue the December 31,20X8 financial statements. The revision should involve the addition of a footnote, but no adjustment, to the December 31,20X8 financial statements.
(f)No action is required.

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