Identify the correct statement about the external auditor. Question 26 Not yet answered Marked out of 1.00 Flag question Statement 1: The auditors should be appointed by the shareholders. Statement 2: An auditor must be appointed for each accounting period. Question 27 Not yet answered Marked out of 1.00 Flag question You are the audit manager of Global Solutions Audit Firm and Mr. Mohammed is the newly joined member in your audit team. You are required to suggest him the phase of audit in which the audit team should make effort to discuss about the audit observations, potential issues, and proposed recommendations with the client