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Statement of affairs

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Statement of affairs

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by MikeLittle.
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  • August 10, 2023 at 5:09 pm #689685
    whydoyoucare
    Participant
    • Topics: 50
    • Replies: 46
    • ☆☆

    Within how many days after winding upshould a statement of affairs be submitted by directors?
    7 or 21?
    Bpp says 21, kaplan 7

    But bpp also says statemnt of affairs should be submitted when requested within 11 days.
    I’m very confused.

    August 10, 2023 at 8:07 pm #689693
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    Mu own understanding is that a Statement of Affairs should be made up to a date no more that 7 days before the date of the meeting to discuss the company’s financial problems!

    I have no idea where BPP has got their 21 days from so there’s no point in asking! … unless you give me the FULL context in which BPP’s 21 days is noted

    Then I shall try to understand the situation in which 21 days is appropriatre – they DO make mistakes … but only rarely!

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