The Corporations Act requires which of the following to be included in a Directors' Declaration? I.State whether in their opinion the financial statements comply with accounting standards and the Corporations Act.
II.State whether in their opinion the financial statements give a true and fair view of the financial position and financial performance of the entity.
III.State whether or not in their opinion,when the declaration was made,there were reasonable grounds to believe that the company would be able to pay its debts as they become due.
IV.State details of directors' emoluments.
V.State principal activities of the entity.
A) All of the given answers.
B) I, II and III only.
C) I, II, III and IV only.
D) IV and V only.
E) II, III and IV only.

Question

Quizplus · Accepted Answer

The Directors' Declaration is required to state whether in their opinion the financial statements comply with accounting standards and the Corporations Act, whether in their opinion the financial statements give a true and fair view of the financial position and financial performance of the entity, and whether or not in their opinion, when the declaration was made, there were reasonable grounds to believe that the company would be able to pay its debts as they become due. Details of directors' emoluments and principal activities of the entity may be disclosed in the directors’ report, but are not required to be included in the Directors' Declaration.

The Corporations Act Requires Which of the Following to Be