You are the auditor of TCG. On 14 January 2019, you were told that one of TCG's debtors has been declared bankrupt. The debtor in question recently lost a court case and was ordered to pay...

quesiton 12

Extracted text: You are the auditor of TCG. On 14 January 2019, you were told that one of TCG's debtors has been declared bankrupt. The debtor in question recently lost a court case and was ordered to pay compensation, the amount of which caused the debtor severe financial difficulties. The debts owed to TCG at balance date was $29 million. Additional information: • Annual balance date: 31 December 2018 Completion of audit fieldwork: 25 February 2019 Signing of audit report: 1 March 2019 Publication of financial statements: 14 March 2019 Required: State what the auditor will either do or request Management to do. Justify your response.