Your audit of Force Ltd, for the year ended 30^th June 2023, is coming to end. On 28^th July 2023, you discovered that at Forces annual meeting, dated 28^th May 2023, the board was considering a management suggestion to expand its market to India. The suggestion was approved and, on 4^th July 2023, Force took a $10million short-term loan from the National Bank. The loan will be used to acquire facilities and inventory for a new store in New Delhi, which will be opened in late September 2023. The auditors report will need to be signed on 10^th August 2023, and the financial statements will be mailed to shareholders on 14^th August 2023.

Required

i) What further evidence and substantive procedures would you consider in relation to the event? What would have occurred if the event was discovered after the date that the financial report was publicly issued?

ii) What audit opinion would be appropriate if the directors of Force believe that there would be nothing to do in the current (2023) financial year regarding the above event as it is immaterial? Justify your answer.