This comment is for the so called "expert", who replied to my below question, asking that it requires Australian based knowledge. Read the last sentence of this question and then google ISA560. If you don't know the answer, then don't waste student's time asking for further information and edititation of the question. Chegg should have a rating rating systems for it's so called experts.

Australia Based Question:

The date is 3 September 2015. The audit of Eureka Limited is nearly complete and the financial statements and the audit report are due to be signed next week. However, the following additional information on two material events has just been presented to the auditor. The companys year-end is 30 June 2015. a) Event 1: Occurred on 10 July 2015 The springs in a new type of mattress have been found to be defective making the mattress unsafe to use. There have been no sales of this mattress; it was due to be marketed in the next two weeks. The companys insurers estimate that the inventory to the value of $750,000 has been affected. The insurers also estimate that the mattresses are now worth only $225,000. No claim can be made to the supplier of springs as this company is in liquidation with no prospect of any amounts being paid to third parties. The insurers will not pay Eureka for the fall in value of the inventory as the company was underinsured. All of this inventory was in finished goods store at the end of the year and no movements of inventory have been recorded post year-end. b) Event 2: Occurred on 5 August 2015 Production at the factory was halted for one day when a truck carrying dye used in colouring the fabric on mattresses reversed into a metal pylon, puncturing the vehicle allowing dye to spread across factory premises and into a local river. The Environmental Agency is currently considering whether the release of dye was in breach of environmental legislation. The companys insurers have not yet commented on the event. c) Event 3: Occurred on 20 September 201 The financial statements and the audit report have just been signed, and the annual general meeting is to take place on 10 15 October 2015. The Environmental Agency has issued a report stating that Eureka is in breach of environmental legislation and a fine of $900,000 will now be levied on the company. The amount is material to the financial statements. Required: For each of the three events above: (i) explain whether the events are Type 1 (adjusting) or Type 2 (non- adjusting); (ii) discuss the auditors responsibility and the audit procedures, actions and the additional work that should be carried out according to ISA560 Subsequent Events.