Critically examine the abovestatement by analysing the role of the auditorand the role of the board of directors in thepreparation of financial statements and theprevention of fraud. In your answer, you shouldalso examine the actions taken by the regulatoryauthorities and the government in the UK inresponse to these scandals.

Required: Critically examine the abovestatement by analysing the role of the auditorand the role of the board of directors in thepreparation of financial statements and theprevention of fraud. In your answer, you shouldalso examine the actions taken by the regulatoryauthorities and the government in the UK inresponse to these scandals.

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