The 'authorisation date' for entities that are not companies is:
A) when the auditor signs the audit report.
B) when the financial reports are signed off by the accountant in the presence of the auditor's representative.
C) when the financial reports are accepted by the taxation office.
D) when the reports are given final approval by the governing body or management of the entity, whichever is applicable.

Question

Quizplus · Accepted Answer

The 'authorisation date' for entities that are not companies is when the reports are given final approval by the governing body or management of the entity, whichever is applicable. This is because the governing body or management is responsible for ensuring the accuracy and completeness of the financial reports and is therefore the entity that authorises them. The auditor's sign off and acceptance by the tax office are important steps in the process, but they do not signify the authorisation date.

The 'Authorisation Date' for Entities That Are Not Companies Is