The National Broadband Network (NBN) is an Australian Commonwealth government owned company. NBN reported a net loss of $4.9 billion in its financial statements for the year ended 30 June 2019. There have also been concerns about the quality of internet services delivered by the network. 1. Critically evaluate the possible factors that may have an impact on the financial performance of NBN, considering: e o - the objectives of GBESS, - the nature of GBE operation, including the relevant characteristics and financing of their operation. e (Hint: consider the above aspects and apply and evaluate the arguments in the context of the NBN case.) e 2. Discuss the role of accounting and auditing in enhancing the accountability for financial performance and service delivery by NBN. 3. In light of your discussion in (1) and (2) above, critically evaluate whether the Australian government should continue to own NBN or to privatize it after the network construction has completed. e Support your discussion by relevant literature. Useful references e NBN Annual Report 2019 NBN Statement of Expectations 2016 e "NBN still lags as rollout winds up", The Australian Financial Review, 15 May 20204 "NBN funds dry up as rollout winds down" The Australian Financial Review, 13-14 June 2020e "High prices to stay if NBN is to evolve: CEO" The Australian Financial Review, 18 August 2020e