Assignment brief: You are advising the board of directors of a company recently listed on the stock exchange. The directors are inexperienced, and they are discussing their first set of annual reports. You then find out that they intend to appoint an external auditor to help them prepare the company’s financial statements so they will be correct and free of fraud. They believe that this will help shareholders and future investors to be more confident that the company’s annual financial statements are exactly accurate. Required Prepare a report to advise the board on the requirements regarding external auditors for the company (1000 words). Some important points: Readings: You can use the custom book; the original Atrill and McLaney books; Readings provided in week 20;The Companies Act (2006 Part 16) [only if you are keen – I don’t expect you to study legislation]; Thomas and Ward Introduction to financial accounting Chapter 6. You can research additional sources. All sources used MUST be referenced correctly in your reference list (and use in-text citation). Use the guide in Moodle or on the academic integrity website (www.kent.ac.uk/ai) DO NOT use google websites, investopedia, tutor2u, essay cheat sites or any non-academic peer reviewed source for academic research. Use valid news sources sparingly. DO NOT write a full report based solely on newspaper journalsim. See the ‘Notes on report writing’ on Moodle. Notes on using the custom book: You must use the same style requirements as for an edited book. Please note that when you use an edited book, you must cite the authors of the chapter. a) In-text citation Chapter in a book Use chapter author’s name and year of publication (with page number): Atrill & McLaney (2021, p.298) question whether shareholder activism is a key factor in business profitability…. The item will be listed in the reference list under Atrill & McLaney (2021) b) Reference list Using a chapter from a book with Single editor Atrill, P, & McLaney, E. (2021) ‘Governing a Company’. Chapter 7 in Cohen, J. ed. CB 369 Financial Accounting, Reporting and Analysis. Custom Book, University of Kent. 2nd edition. Harlow: Pearson.