The Corporations Act requires which of the following to be included in a Directors' Declaration?
A) State whether in their opinion the financial statements comply with accounting standards and the Corporations Act.
B) State whether in their opinion the financial statements give a true and fair view of the financial position and financial performance of the entity.
C) 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.
D) All of the given answers.
E) None of the given answers.

Question

Quizplus · Accepted Answer

All three statements are required to be included in a Directors' Declaration as per the Corporations Act. Therefore, option D is the correct answer. Option A and B relate to the presentation of financial statements, while Option C is regarding the solvency of the company.

The Corporations Act Requires Which of the Following to Be