Directors’ Resolution to Approve Financial Statements

How to generate a Directors’ Resolution to Approve Financial Statements

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Do I need a Directors’ Resolution to Approve Financial Statements?

A Directors’ Resolution to Approve Financial Statements is a document that records the formal approval of a company’s financial statements by its board of directors.

It is a legal requirement in many jurisdictions for the directors to formally approve the annual financial statements before they are presented to the shareholders at the Annual General Meeting (AGM).

The financial statements typically include the balance sheet, income statement, statement of cash flows, and notes to the financial statements, all of which provide a comprehensive overview of the company’s financial status and operations over the fiscal year.

Do all directors need to approve accounts?

A company’s board of Directors must approve a company’s annual accounts, and it needs to be signed by a director on behalf of the board.

The director’s signature must also be on the company’s balance sheet.

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About Author

Mike Evans

Mike Evans is a Fellow of the Institute of Chartered Accountants in England and Wales with over 30 years of expertise. Mike trained with Deloitte in London before moving to Hong Kong with PwC and making Partner in 1998, later Managing Director with TeamMate Asia Pacific, and eventually COO for Wolters Kluwer Financial Services Asia Pacific. With decades of experience in company incorporation, corporate structuring, and business performance, Mike now holds multiple directorships across companies in the fields of legaltech, corporate services, and company secretarial.

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