You are the engagement partner for the financial report audit of Go Play Outsidel.td for the year ended 30 June 20x8. The following material events or transactions have come to your attention before you are scheduled to issue your report on 31 August 20x8: (a) On 14 July 208, Go Play Outside settled and paid a personal injury claim of a former employee as a result of an accident that occurred in March 207. The company has not previously recorded a liability for the claim. (b) On 17 July 208, Go Play Outside agreed to purchase for cash the outstanding shares of Recreational Equipment Ltd. This acquisition is likely to double the sales volume of Go Play Outside. (c) On 20 July 208, the directors became aware of broken glass found in their pre-packaged sandpits. This product had only been on sale for two weeks and had been purchased directly from the manufacturer, Sandpit Ltd, an unrelated company in Chile, one week prior to being introduced to the public. (d) On 3 August 20X8, a plant owned by Go Play Outside was damaged in a flood, resulting in an uninsured loss of inventory. Question 15 Required For each of the above events or transactions: i. identify audit procedures that should have brought the item to the auditor's attention, ii. determine the treatment required in the financial report for the year ended 30 June 208