Rhino Limited (Rhino) designs, builds and installs replacement motors for production lines. The head office of Rhino is in Auckland and the warehouse is located in Hamilton. It is a listed company in NZX and has approximately 65 shareholders. The company has an average revenue of $52 million per annum and assets of $82 million for the last two years. Daniel Singh recently joined as the accountant of the company having emigrated from India. Since Daniel is still new to the country, you have been appointed as an advisor to him. Daniel has the following questions to get clarification from you. Required: (a) What are the annual reporting requirements of the company under the Financial Reporting Act 2013 (FRA 2013) and/ or the Financial Markets Conduct Act 2013 (FMCA 2013) and Companies Act 1993 (CA 1993)? Advise Daniel in this regard. Justify your answer using relevant criteria in relevant legislation. (5 marks) (Word count for the Answer: Approximately 200 words) (b) Daniel has reviewed the XRB Al framework however he is a little confused, and he doesn't understand the rationale behind the XRB adopting a two-sector and multi-tiered approach to financial reporting in NZ. Help Daniel to understand the rationale behind the approach of the XRB Al framework. (6 marks) (Word count for the Answer: Approximately 200 words) (c) How does the XRB Al Framework apply to Rhino Limited? Explain the criteria in the XRB Al framework that applies to Rhino and the accounting standards requirements to be followed by the company. (4 marks) (Word count for the Answer: Approximately 100 words)