The accountant of Fauntleroy Ltd is preparing financial statements for the current year end but is struggling to establish which information is more important. He has a shortlist of questions which need to be solved: (a) In preparing the description of a very complex transaction he has two options: (i) To use information from a close friend who holds shares in the company: the information prepared by his friend is somewhat biased but is very clear and concise; or (ii) To use the information prepared by an independent analyst: this information is complex to the average person

Which piece of information is more appropriate for use in the financial statements? (7 marks)