Under the Corporations Act 2001, the financial statements included in the annual report are specified as:
A) a balance sheet, profit and loss statement, statement of cash flows and note 1 to the statements.
B) those required by the accounting standards.
C) a balance sheet, profit and loss statement, statement of cash flows and a director's report.
D) a balance sheet, profit and loss statement, statement of cash flows, director's report, an audit report and a statement of comprehensive income.

Question

Quizplus · Accepted Answer

The Corporations Act 2001 specifies that the financial statements included in the annual report are those required by the accounting standards, which may vary over time and across different types of entities.

Under the Corporations Act 2001, the Financial Statements Included in the Annual