Question
EX1: Authorization date The Board of Directors of Sudani Company has completed the draft financial statements for the financial year ended on 6/30/20x1 and sent
EX1: Authorization date The Board of Directors of Sudani Company has completed the draft financial statements for the financial year ended on 6/30/20x1 and sent it to senior management on 7/10/20x2. The financial statements were reviewed and approved for release at the senior management meeting on 17/7/20x2. It is then sent to the supervisory committee (members include trade unions and those not on the senior management board) and reviewed and approved by the supervisory committee for submission to the annual general meeting of shareholders held on August 1, 20x2. At the annual general meeting of shareholders, financial statements are provided to shareholders approved and allowed to be printed for submission to the legislature on August 10, 20x2 and published to the public on August 15, 20x2. Required: Determine the date the financial statements are approved for issue.
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