(Explaining and understanding different roles that accounting problems can be viewed from, LO 6, 7) Listed below are some of the roles that a person addressing accounting problems can have. The role can affect how the role-player approaches and analyzes an accounting problem. For each role listed below, explain the perspec- tive that the role brings to the analysis. (Example: an auditor for the Canada Customs and Revenue Agency examines accounting information to ensure that an entity com- plies with the Income Tax Act and, as a result, pays an appropriate amount of tax. ) In answering, consider the entity the person in the role is working for and the objectives © of that entity, and apply these factors to explain how the role- -player would approach providing advice on accounting problems.

a. Arbitrator. (An arbitrator is a person who helps resolve disputes between par- ties. In an accounting setting, an arbitrator might be asked to resolve disagree- ments over the accounting choices an entity made when, for example, the selling price of the entity is based on net income.)

. Advisor to management of the entity.

Advisor to the board of directors of the company.

. External auditor.

. Advisor to a prospective lender, Advisor to a major shareholder who is not involved in the day-to-day manage- ment of the entity.