19. Name the person who independently examines the accounting records and financial statement of the entity.

a.Auditor b.Director c.None of the options d.Manager

20. From the options given below find the reason/s to regulate the inefficiency in accounting profession

a.Regulation is used to mitigate the potential impact of this inefficiency on the economy b.Regulation is used to mitigate the potential impact of this inefficiency on the society c.All the options d.Regulation seeks to ensure that accounting services are of the right quality