Question 1 (20 marks) a In reading the annual report of a Hong Kong listed company, your CEO has noticed that the auditors expressed an opinion on whether the financial statements give a 'true and fair view of the company's financial position and financial performance. The term 'true and fair view' is commonly used in Hong Kong published financial data. As the financial controller, you are asked to explain to your CEO the following: i What is the definition of true and fair'? (5 marks) ii How do accountants ensure that the financial statements prepared give a true and fair view? (5 marks) b Discuss how management judgement and the Financial Reporting Framework' can have a significant impact on the confidence placed in financial statements. (10 marks)