Directors' responsibilities statement and Evergreen facility: Difference between pages

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imported>Doug Williamson
(Correct typo Responsibilities.)
 
imported>Doug Williamson
(Classify page.)
 
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''Financial reporting''. 
An evergreen facility is a facility whose final maturity may be extended periodically by the borrower, with the lender's agreement, for a further term (normally a year at a time).
 
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 ==
== See also ==
* [[Annual report]]
* [[Evergreen deposit]]
* [[Auditors’ report]]
* [[Green finance]]
* [[Director]]
* [[Greenshoe option]]
* [[Directors report]]
* [[Maturity]]
* [[Financial reporting]]
*[[Strategic Report]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Long_term_funding]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 11:28, 6 August 2019

An evergreen facility is a facility whose final maturity may be extended periodically by the borrower, with the lender's agreement, for a further term (normally a year at a time).


See also

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