Study the scenario and complete the question that follow(s): You are a chartered accountant employed in the finance department of MedSuppiles Ltd, a company that imports and sells medical suppiles. The company Chief Executive Officer (CEO), Mr Barty Monroe accidently forwarded the following email to you (George Smith) that was meant for the Chief Financial Officer (CFO), Mr George Simpson. From: Barty Monroe: omonroe@medsupplies.co.za Sent: 13 February 2021 2:53 p.m. George: To: gsmith@medsupplies.co.za HI George. I have just looked at our figures for the past financial year - I must say, I am IMPRESSED! It was an excellent decision to Inflate the selling price on those low-quality face masks (you know I will never use one of those!). It sold like hot-cakes during the start of the COVID pandemic! One problem, though: our financial year-end is approaching and that team of nosy auditors will be here soon. Hopefully, they won't ask too many questions! You know, I have never been a fan of auditors, they raise all kinds of Issues about the composition of our board of directors and committees. I firmly believe that as the CEO and member of the board of directors, I have to be part of every committee to properly run this business. A few years ago, they informed me that there are rules regarding the frequency of meetings. I hate meetings! They are a waste of time-once a year is enough! That is another reason, we have all males on the board of directors; the meetings are short and sweet! Anyhow - well done on those figures! Barty Comment on MedSupplies Ltd's adherence to the King IV Report on Corporate Governance in South Africa, in light of the email sent by Barty. (15 Marks) Audited Results Each year the Sunday Times and other newspapers publish statistics indicating, amongst other things, the number of people who read the various Sunday newspapers and the geographic location of the reader. For example, the Sunday Times may state that they have a readership of 4.1 million. Statistics are always published stating that the figures are audited results. 1.1. Explain why newspapers refer to the fact that the published statistics are audited. (6 Marks) 1.2. State whether the fact that the figures are audited means that the audit body is certifying that the Sunday Times readership is 4.1 million. Give reasons to support your answer. (6 Marks)