QUESTION 18 Which of the following statements is incorrect? a. A directors' report must detail significant changes in the entity's state of affairs during the year. b. A directors' report refers to likely developments in the entity's operations in future financial years and the expected results of those operations. OC A directors' report is not required to be prepared by small or large proprietary companies. d. A directors' report reviews entity's operations during the year reported on and the results of those operations. QUESTION 19 Which of the following statements about a company's reporting and disclosure obligations is not correct? a. Public companies are subject to more onerous reporting and disclosure obligations than small proprietary companies b. Large proprietary companies are subject to more onerous reporting and disclosure obligations than small proprietary companies c. Disclosing entities are subject to the most onerous reporting and disclosure obligations The latest reforms in CLERP 9 to reporting and disclosure requirements are intended to relieve the onerous reporting and disclosure burdens imposed on d. companies QUESTION 20 Which of the following entities is not entitled to bring a statutory derivative action against a director on behalf of the company? a. A former member b. A creditor Click Save and Submit to save and submit. Click Save All Answers to save all awers Save MacBook Air