The Directors ask the Chief Financial Officer " What is this year's final profit?", the CFO replies "What would you like it to be?". a) Describe three differing examples of where the Directors of a company can use their judgement to impact the profit and loss account of that company. [3 marks] b) Describe five mitigants or controls to that use of judgement, and how they limit the discretion of Directors to impact the profit and loss account. [10 marks] c) In your judgement, explain whether you think the mitigants are sufficient to ensure financial statements are fairly prepared. [2 marks]