You could value it at 78c but include a note to the financials for a 'Subsequent Event' that AVZ is suspended and involved in a legal disoute and the price may be materially impacted. In addition the adutior could qualify Part A of the audit report under the basis the accounts may be materially impacted pending resolution of the court proceedings and also Part B under Regulation 8.02B that the market values my not be correctly reflected.
No wrongdoing of the client and this can be noted in the Auditor Contravention Report to the ATO that it is simply a matter of not being able to ascertain a value at this point in time and we are going with the last traded price.
Materiality also comes into it as to what action the auditor may or may not take.
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