Indicate whether each of the following statements is true or false by placing a tick (✓) in the appropriate column.

True or false?

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True False Auditors are appointed by directors. b Auditors report to the shareholders. c fauditors provide a qualified report it means they do not believe the accounts show a true and fair view of the company's financial affairs. d Shareholders elect directors. e Auditors must ensure that the company's accounts are free from fraud. 1 Directors must include a report on their management of the company as part of the annual report. g Auditors prepare the financial statements. Snareholders have the right to look at the day-to-day accounting recoras of the company In which they have invested. Auditors must act independently