The Corporations Act requires which of the following statements to be included in a Directors' Declaration?
A) whether in their opinion the financial statements comply with accounting standards and the Corporations Act
B) whether in their opinion the financial statements give a true and fair view of the financial position and financial performance of the entity
C) 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 should be included.

Question

Quizplus · Accepted Answer

All of the given options are required to be included in a Directors' Declaration as per the Corporations Act. The declaration should express whether in their opinion the financial statements comply with accounting standards and the Corporations Act (A), whether the financial statements give a true and fair view of the financial position and financial performance of the entity (B), 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 (C). Hence, option D is the correct choice.

The Corporations Act Requires Which of the Following Statements to Be