Companies Act
The directors of all companies registered under the Companies Acts are required to produce financial statements that comply with the requirements of the Act. Among the requirements of the Companies Act are the following:
Financial statements are required to give a true and fair view of the profit or loss for the financial year and the state of affairs at the end of it.
Duty to keep accounting records
Duty to prepare individual company accounts
Duty to prepare group accounts Disclosure of related undertakings
Disclosure of emoluments and other benefits to directors and others
Duty to prepare directors' report
Auditors' report