Overview of an Approve Company’s Financial Statements

What is an Approve Company’s Financial Statements?

A Directors’ Resolution to Approve Financial Statements is a resolution required to be passed by the directors of a company to approve the audited financial statements and the directors’ statement for a particular financial year before these statements are laid before the shareholders of the company.

The directors’ resolution can be passed at a directors’ board meeting, in which case the directors must set up a meeting to resolve this decision. Alternatively, the directors’ resolution can be passed by way of a written resolution.

If you choose to have a meeting of the board of directors to pass this resolution, it is necessary to record the minutes of this meeting. You will therefore need a Board Minutes to Approve Financial Statements. Alternatively, the board resolution can be passed by way of a written resolution using a Board Resolution to Approve Financial Statements.

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