Pursuant to Corporate Law Economic Reform Program (CLERP)issued in October

question 32

Multiple Choice

Pursuant to Corporate Law Economic Reform Program (CLERP) issued in October 2003,which of the following is/are required to provide a written declaration to the board of directors that the annual financial statements are in accordance with the Corporations Act and Australian Accounting Standards and that the financial statements present a true and fair view of the entity's financial position and performance?

• A) any independent director.
• B) chief executive officer.
• C) chief financial officer.
• D) any independent director and chief financial officer.
• E) chief executive officer and chief financial officer.

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Definitions:

Company Specificity

Refers to the unique characteristics, resources, and capabilities that differentiate a company from its competitors, often driving competitive advantage.

Sustainable Competitive Advantage

An advantage over competitors gained by offering consumers greater value, either through lower prices or by providing more benefits and services that justify higher prices.

Strategic Objective

Long-term goals that an organization seeks to achieve, which are designed to guide its direction and decision-making processes.

Quarterly Earnings

The financial performance of a company over a three-month period, often reported to the public and used as an indicator of its economic health.