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Approval of Financial StatementsDate of Announcement29 April 2024The following is a company announcement issued by Dizz Finance p.l.c. (C 71189), hereinafter the Company, pursuant to the Capital Market

How to fill out approval of financial statements

How to fill out approval of financial statements

1. Gather the financial statements to be approved, including the income statement, balance sheet, and cash flow statement.
2. Review the financial statements for accuracy, ensuring all figures are correctly calculated and presented.
3. Ensure that the financial statements comply with relevant accounting standards and regulations.
4. Prepare documentation outlining any significant accounting policies, estimates, and judgments used in the statements.
5. Schedule a meeting with the relevant stakeholders, such as board members or auditors, to discuss the financial statements.
6. Present the financial statements during the meeting, highlighting key figures and discussing any notable changes or trends.
7. Address any questions or concerns raised by stakeholders about the financial statements.
8. Obtain signatures of approval from the necessary parties, typically including the board of directors and financial officers.
9. File the approved financial statements in accordance with the organization’s regulations and make them available to stakeholders as required.

Who needs approval of financial statements?

1. The board of directors of the organization.
2. Management of the company, including CFO and finance teams.
3. External auditors who provide their opinion on the financial statements.
4. Regulatory bodies that require financial disclosures.
5. Investors and shareholders who need assurance on the financial health of the organization.

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What is approval of financial statements?

Approval of financial statements refers to the formal process in which a company's board of directors or relevant authority reviews and ratifies the financial reports produced for a specific accounting period.

Who is required to file approval of financial statements?

Typically, publicly traded companies and organizations that are subject to regulatory requirements are required to file approval of financial statements, as mandated by relevant accounting and auditing standards.

How to fill out approval of financial statements?

To fill out approval of financial statements, organizations must ensure that the financial reports are accurate and complete, complete any required approval forms, sign the documents by the appropriate authorities, and submit them to the necessary regulatory bodies.

What is the purpose of approval of financial statements?

The purpose of approval of financial statements is to ensure that the financial information presented is accurate, reliable, and in compliance with applicable laws and regulations, thus providing assurance to stakeholders.

What information must be reported on approval of financial statements?

The information that must be reported includes the financial statements themselves, any notes accompanying the statements, the signatures of the approving authorities, and a statement of compliance with accounting standards.