Question 1 [Total marks: 12 marks]

According to Cadbury Report 1992, briefly discuss the responsibility of those involved in the financial statements:

Position	Explanation
a. Auditors
b. Directors
c. Shareholders
d. Chairman
e. Accountants

Instructions:

i. Using the table above, explained at least TWO (2) explanations for each position, each explanation would carry 1 mark.

ii. All the answers should be compliance with Cadbury Report 1992 by using your own words.