The 'authorisation date' of the financial reports of companies is:
A) the date the auditor prepares the audit report.
B) the date on which the printing of the reports is completed or they are posted on a website.
C) the date the reports are posted to stakeholders.
D) the date the Directors' Declaration is signed.

Question

Quizplus · Accepted Answer

The 'authorisation date' of the financial reports of companies is the date the Directors' Declaration is signed. This is because the Directors' Declaration is a statement by the directors that, in their opinion, the financial statements are in accordance with the accounting standards, give a true and fair view of the company's financial position and performance, and comply with the Corporations Act 2001. This declaration is a key part of the financial reporting process, marking the point at which the directors take responsibility for the financial statements.

The 'Authorisation Date' of the Financial Reports of Companies Is