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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

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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 on March 1, 2020. For this highly material event, indicate the appropriate action from the alternatives listed below. On February 6, 2020, the company lost a lawsuit for $250,000. The lawsuit originated in the prior year and is currently shown as a contingent liability. Disclose the information in the December 31, 2019 financial statements. O Adjust the December 31, 2019 financial statements. Request the client to recall the December 31, 2019 financial statements. No action is required. For each statement indicated below, indicate the most likely letter that was the source of the information We have provided you with copies of all the minutes of meetings of the board of directors. Client representation letter Request for attorney confirmation Engagement letter O Management letter 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 February 17, 2020, you learned that a customer was severely injured on January 15, 2020 using one of Dewman's products. To keep the issue quiet, Dewman paid a material settlement on February 12, 2020. Disclose the information in the December 31, 2019 financial statements, Adjust the December 31, 2019 financial statements Request the client to recall the December 31, 2019 financial statements. No action is required

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