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You completed the fieldwork for the December 31, 2019 audit of Dewman Industries on February 15, 2020 and mailed the completed statements with auditor's report
You completed the fieldwork for the December 31, 2019 audit of Dewman Industries on February 15, 2020 and mailed the completed statements with auditor's report on March 1, 2020. For this highly material event, indicate the appropriate action from the alternatives listed below. On June 14, 2020, the auditor discovered that a debtor of Dewman went bankrupt on April 2, 2020. The sale had taken place October 15, 2019, but the amount appeared collectible at December 31, 2019, and February 15, 2020. O Adjust the December 31, 2019 financial statements. O Disclose the information in the December 31, 2019 financial statements. O Request the client to recall the December 31, 2019 financial statements. O No action is required
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