With reference to MFRS 101 8: 107, discuss the importance of these standards in ensuring quality of information presented in annual reports. Para 1 (500 750 words) - Discuss how MFRS is related to financial reporting 0 Discuss the importance and impact of MFRS on financial reporting Para 2 (750 1,000 words) - With use of MFRS 101 and one of download annual report (Malaysia public listed company), explain how the application of this MFRS affects the quality of financial report prepared Para 3(750 1,000 words) - With use of MFRS 107 and one of download annual report (Malaysia public listed company), explain how the application of this MFRS affects the quality of statement of cashflow prepared