i) Specific Responsibilities of Those Charged with Governance:

1. Overseeing the Financial Reporting Process:
   Those charged with governance are responsible for ensuring that the financial reporting process is properly managed and that the financial statements are prepared in accordance with applicable standards.
2. Establishing and Monitoring Internal Controls:
   They are responsible for setting up internal control systems and monitoring their effectiveness to ensure the prevention and detection of fraud and errors.
   (2 marks)

ii) Examples of Matters Communicated by the Auditor to Those Charged with Governance:

1. Auditor’s Responsibilities in Relation to the Financial Statements:
   The auditor communicates their responsibility for forming and expressing an opinion on the financial statements in accordance with ISAs and relevant laws.
2. Planned Scope and Timing of the Audit:
   The auditor discusses the audit approach, including risk assessment and the extent of reliance on internal controls, as well as the timeline for conducting interim and final audits.
3. Significant Findings from the Audit:
   This includes difficulties encountered during the audit, such as delays in obtaining information, material weaknesses in internal controls, and any audit adjustments proposed.
4. Independence Issues:
   The auditor reports on matters that may affect their independence and the safeguards in place to mitigate threats to independence.
   (4 marks)