Balance Sheet wording
Article ID
balance-sheet-wording
Article Name
Balance Sheet wording
Created Date
8th April 2020
Product
Problem
Why has the balance sheet wording changed?
Resolution
Changes have been made to the balance sheet wording to bring this in line with FRS 102 guidance. This applies to accounts with a balance sheet date of 01/04/2020 or if the date of signature is blank must update the wording.
This has been applied to all FRS frameworks (FRS 102, FRS 105, IAS).
Client types affected are:
Limited companies (Including groups)
Limited Liability Partnerships
Charities (Including Academies)
Pensions
Previous wording: The financial statements were approved by the director on ….and were signed by:
New wording: The financial statements were approved by the director and authorised for issue on ….and were signed by:
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