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ns is critical to ensuring the accuracy and reliability of the financial statements, focusing on key aspects of the transactions and balances involved. You The financial year of Darwin ended on 30 June 2023. Auditor's report was signed on 27 August 2023 and the financial statements were issued on 12 September 2023. Listed are events that occurred after the end of the financial year (subsequent events). Assume that each has a material (but not pervasive) effect on financial statement. 1) 2 August - lawsuit filed against Darwin for damages occurred before 30 June. In the opinion of lawyers, there is a danger of significant loss. 2) 17 August - Discovered that Alice Springs, a debtor of Darwin went bankrupt on 10 August. The most recent sale took place on 25 May and no transactions have occurred since the date. 3) 27 August - discovered that the legal action commenced against Darwin in relation to a faulty product sold in May 2023. 4) 14 September - A fire burnt one of Darwin's global warehouses, resulting a loss of 15% of the inventory on hand at that date. The fire loss is covered by insurance. 5) 20 September - discovered that Catherine, a debtor of Darwin, went bankrupt on 11 September. For each event, indicate if the auditor is responsible to investigate and outline the key additional audit procedures you should have performed

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