290. Obligation to prepare entity financial statements under relevant financial reporting framework | Companies Act 2014 (No. 38) | Better Regulation

AI Summary of 290. Obligation to prepare entity financial statements under relevant financial reporting framework

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Version status: In force | Document consolidation status: Updated to reflect all known changes

Version date: 9 June 2017 - onwards

290. Obligation to prepare entity financial statements under relevant financial reporting framework

(1) The directors of a company shall prepare entity financial statements for the company in respect of each financial year of it.

(2) The entity financial statements prepared under this section shall be the statutory financial statements of a company that does not prepare group financial statements under section 293.

(3) Subject to subsections (5) to (8) and section 296, a company's entity financial statements shall be prepared either (as the company elects) in accordance with -

(a) section 291, or

(b) international financial reporting standards and section 292.

(4) Entity financial statements prepared in accordance with -

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