The directors of Lopit Limited, a newly formed company, have written to you with a view to securing your services as auditor. Within their letter you note the following comments. "Your duties and rights as auditor will be determined by the board of our company. In the main these duties are in line with the requirements of the Companies Acts but in the event of conflict or exclusion we will indemnify you against any legal action brought as a consequence of the position adopted. The board also retains the right to dismiss you at any time without necessarily disclosing the reasons for their action". Required: a- Describe what is your understanding of your duties as auditor of Lopit Limited. b- What is your relationship as the auditor to the directors of Lopit Limited? c- Outline your rights under the Companies Act as auditor of a limited company. d- Would you agree with the directors that they have the authority to dismiss you? e- What steps would you take prior to accepting the appointment as auditor to the company?