Directors' responsibilities statement: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Create page. Source: Lexis webpage https://www.lexisnexis.co.uk/legal/guidance/directors-responsibilities-statements-company-accounts and Manchester Utd accounts 2019)
 
imported>Doug Williamson
(Add link.)
 
(3 intermediate revisions by the same user not shown)
Line 12: Line 12:
It is normally included in the Directors' report.
It is normally included in the Directors' report.


It is known more formally as the 'Statement of directors' responsbilities in respect of the financial statements'.
It is known more formally as the 'Statement of directors' responsibilities in respect of the financial statements'.




== See also ==
== See also ==
* [[Accounting records]]
* [[Annual report]]
* [[Annual report]]
* [[Auditors’ report]]
* [[Auditors’ report]]
* [[Director]]
* [[Director]]
* [[Directors' report]]
* [[Directors' duties]]
* [[Directors report]]
* [[Financial reporting]]
* [[Financial reporting]]
*[[Strategic Report]]
*[[Strategic Report]]

Latest revision as of 07:55, 4 May 2022

Financial reporting.

A directors' responsibilities statement is part of an Annual Report that sets out the directors' responsibilities in relation to:

  • Preparing financial statements in accordance with relevant laws and regulation;
  • Safeguarding the assets of the company, including preventing and detecting fraud; and
  • Keeping adequate accounting records.


The purposes of the statement include clarifying the boundary between, and respective responsbilities of, the auditors and the directors.


It is normally included in the Directors' report.

It is known more formally as the 'Statement of directors' responsibilities in respect of the financial statements'.


See also