Walter
If the player is fouled with 1 second on the shot clock, by rule the shot clock cannot expire because the clock stops when the wistle blows. So if the horn did expire after it is simply a minor officals error for not stoping it when the wistle was blown. The basket will count and the player will get one shot. And as Dan_Ref pointed out you would reset the GAME clock to the time that was left when the foul was called. Hope that clears it up.
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