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 web site.
C) The date the reports are posted to stakeholders.
D) The date the Directors' Declaration is signed.
E) None of the given answers.

Question

Quizplus · Accepted Answer

The authorisation date of financial reports is the date the Directors' Declaration is signed. This date represents the final approval of the financial reports by the company's board of directors. This is a key date as it indicates that the reports are complete and accurate, and can be relied upon by stakeholders. The other options (A, B, and C) are not necessarily indicative of the completion or authorisation of the financial reports.

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