You made it to an audit partner in 2020! You work in a local office of a large accountancy firm KPGM. One of your biggest clients is ShoeHorse, a local company whose main business is hotel and casino. Until last year the company had been very profitable but the slowdown of traveling in 2020 has started to hit the company hard. Now is June of 2020, You are preparing for the final audit meeting with the client at which you will discuss any adjustments which are required to the accounts. The big issue is does the company have a going concern? This issue has bothered you lately you like the people who run this company and you are well aware of the impact that the closure of this business would have on its employees. You are also well aware that it would most likely have a negative impact on your immediate career prospects. The companys year-end was 31 th of March and your firm carried out most of its work during May. At that time everything looked fine, however, recently you noticed that one of the companys major contracted customers, Wilson Ltd had been placed in administration. Although you are not sure of the amount of work carried out post year end you do know that further work was carried out for this client. You are also aware that at the companys year-end Wilson Ltd owed Z corp $3,000,000. You were aware that Wilson Ltd were disputing the amount due but such a stalling tactic was commonplace in the industry you were expecting the vast majority of the sum due to be paid. Now you are not as sure. At the meeting with the client, you are surprised to find that the CFO is not able to attend the meeting due to fever. After the usual small talk you ask whether the client has made any provision in relation to the amount due from Wilson Ltd and also whether it has updated its projections to take account of this. Mr Capable, the companys Chief Executive, tells you that he does not believe this to be necessary. He informs you that the administrator has advised him that Wilson Ltd will be able to meet all of its current outstanding debts. You advise Mr Capable that you sincerely hope that this will indeed be the case but that you will need to check with the administrator directly. Mr Capable asks why this is necessary as he is happy to give you a letter to that effect. You advise Mr Capable that you have to do your job. Mr Capables face is red and he starts shouting at you: KPGM have been ShoeHorses auditor for years, at the most unfortunate moment you are so willing to help the bank shut our doors! This will be a disaster for our employees, and it will make your firm lose the biggest client! we are only asking for time to let us come out of this situation. I truly believe personally that the accounts should not be altered. You can do as you wish however, remember what I have told you our employees need businesses like ours. I will let them know who caused the closure of this business, if that is what it comes to! What is your course of action after this?