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Under the Corporations Act 2001, If a Company's Financial Report

Question 40

Multiple Choice

Under the Corporations Act 2001, if a company's financial report, when prepared in accordance with accounting standards, would not otherwise give a true and fair view:


A) the auditors are required to add such information and explanations in the financial report so as to give a true and fair view.
B) the directors are required to add such information and explanations in the financial report so as to give a true and fair view.
C) the directors should refer to this situation in their directors' declaration.
D) no additional information should be added to the financial report.

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