Question 1 The first task of John Nyamah, a newly appointed Assistant Accountant of Azadagli Municipal Assembly, is to prepare the 2022 financial statements of the Assembly in compliance with the International Public Sector Accounting Standards (IPSAS), the Public Financial Management Act 2016 (Act 921) and the current Chart of Accounts of the Republic of Ghana. Nyamah submitted on 5th March 2023 the draft financial statements, presented below, to the Director of Finance for review.