CAF-6 · Chapter 8 · Question 5 of 15
According to the Companies Act 2017, the financial statements of a company must be approved by:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) The Board of Directors.
Explanation
The Board of Directors is responsible for the approval of the financial statements before they are issued.
More Regulatory Framework (SECP, ICAP, 4th/5th Schedule) MCQs
- Q7A 'Public Interest Company' (PIC) as defined in the Third Schedule must follow which reporting framework?
- Q8Under the Fourth Schedule, listed companies must disclose the 'reconciliation' of which of the following?
- Q9If there is a conflict between the requirements of the IFRS (as adopted in Pakistan) and the Companies Act 2017, which one prevails for…
- Q10What is the requirement for the 'Statement of Cash Flows' under the Companies Act 2017?
- Q11The Companies Act 2017 requires companies to disclose the 'remuneration' of which specific personnel?