What is the difference between the date when financial statements are authorised and when FS are issued ? What is authorise and what is issue ? Its silly but i cant get it :/
Authorised for issue – signed by the board as approved Issued – “laid before the members (shareholders) in general meeting” – i.e. presented at the Annual General Meeting. One of the resolutions on the meeting’s agenda will be something like “adoption of the annual accounts”.