A Directors Declaration in Accordance with the Corporations Act, Must

question 77

Multiple Choice

A Directors Declaration in accordance with the Corporations Act, must state the directors are satisfied the financial statements:

• A) comply with applicable accounting standards.
• B) are in accordance with the Act.
• C) give a true and fair view.
• D) all of the above

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Definitions:

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected or related.

Assent

Agreement or approval, typically given willingly by a person who possesses the capacity to form intent.

Unilateral Mistake

An error made by only one party in a contract that does not necessarily invalidate the agreement, but may be grounds for its rescission if certain conditions are met.

Invalidate

To make something legally void or ineffective, often by showing it was improperly formed or does not comply with necessary legal requirements.