The following two reports are taken from the same page of a published annual report.

DIRECTORS' DECLARATION

The Directors declare that:

(a) In the Directors' opinion, there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable;

(b) In the Directors' opinion, the attached financial report is in compliance with International Financial Reporting Standards, as stated in Note 1 to the financial report;

(c) In the Directors' opinion, the attached financial report is in accordance with the Corporations Act 2001, including compliance with accounting standards and giving a true and fair view of the financial position and performance of the Company; and

(d) The Directors have been given the declarations required by s.295A of the Corporations Act 2001.

Signed in accordance with a resolution of the Directors

F.M. Newman

A.L. Miller

Perth

6 September 20X0

Independent audit report

To the Members

General Foods Company Ltd

We have audited the financial report ...

Auditor's Opinion

In our opinion:

(a) The financial report of General Foods Company Ltd. is in accordance with the Corporations Act 2001, including:

(i) Giving a true and fair view of the company's financial position as at 30 June 20X4 and of its performance for the year ended on that date; and

(ii) Complying with Australian Accounting Standards and the Corporations Regulations 2001; and

(b) The financial report also complies with International Financial Reporting Standards as disclosed in Note 1.

P.J. SIMPSON

A partner of the firm

Simpson & Assoc. Chartered Accountants

7 September 20X0

PERTH, WA

REQUIRED

a. What are the purposes of the two reports and who was responsible for writing each?

b. What information does the declaration by directors provide to users of financial statements?

c. What type of audit opinion is being issued-unmodified, qualified, adverse or disclaimer of? Explain your answer.

d. How long after the balance sheet date did the accounting firm complete the audit fieldwork?