Please note that Part A and Part B are not related. Part A (5 Marks) In a recent annual general meeting of ABC Ltd, one of the shareholders stated: "the only objective of general purpose financial reports is to make the directors and management accountable". Required: 1) Do you agree or disagree with the above statement? In your answer, you are required to refer to the conceptual framework and include a discussion of objectives of general purpose financial reports. (3 marks) 2) Provide two examples of primary users of financial reports as identified in the conceptual framework. (2 marks)