. Identify whether given information is correct or not. Give your answers in (CORRECT/NOT CORRECT) form. Please provide 1 liner explanation why that particular information is wrong, if any (12)

1. Annual report of the company has four broad sections. Directors report, Financial Statements, Auditors report and Notes to financial statements.
2. External auditors are being appointed by the directors. And they are an essential part of the company management.
3. There are four types of Audit reports. Name them?
4. Pre numbring of the documents is not an important activity.
5. XYZ ltd is appointing Ahmed as their director. Ahmed took a loan from Punjab bank and made a default in its repayment.
6. Directors are not required to disclose their interests in the listed company.