Consider the following statements and explain why they may be true or false.

(a) If a company fails to comply with the provisions of a specific FRS Standard or IFRS Standard, the company’s auditors would have no alternative but to issue a qualified report.

(b) Although auditors may find a number of errors in an audit investigation, these will only result in a qualified report if they are material.

(c) Auditors’ reporting duties on a company’s annual report only extend to the financial statements and relevant notes.

(d) Auditors will only sign and date their audit report when satisfied sufficient audit evidence has been gathered and the reporting partner has reviewed the audit file.

(e) Where auditors disagree with a particular accounting policy adopted by a client and consider that the implementation results in a material effect but does not result in the financial statements being seriously misstated or misleading, they should issue an ‘except for’ opinion.