12.1 Two of the following four statements are correct:

1. Directors must prepare the company's accounts themselves.

2. Directors take complete responsibility for the preparation of accounts.

3. Directors may be guilty of a criminal offence if the accounts do not present a true and fair view.
4. Directors may be guilty of a criminal offence if it is proven that they have defrauded creditors.
The correct statements are:

a) 3 and 4

b) 2 and 4

c) 1 and 2

d) 1 and 3.