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' Report and Financial Statements are signed.

Question

Quizplus · Accepted Answer

The 'authorisation date' of the financial reports of companies is the date the Directors' Report and Financial Statements are signed. This is because the signing of these documents represents the finalisation and approval of the financial reports by the board of directors, and signals to stakeholders that they can rely on the accuracy and completeness of the information contained within them.

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