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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Dates
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”.
