IAASA publishes Information Note ‘requirement to disclose dividends proposed’

IAASA has published an Information Note ‘Requirement to disclose dividends proposed’ reminding companies of the requirement to provide two separate disclosures regarding proposed dividends: firstly, the total amount of dividends proposed or declared before the financial statements were approved by the directors but which had not been recognised as a distribution in those financial statements and, secondly, the related dividend per share.

IAASA has detected instances where companies have omitted to disclose all the required information regarding proposed dividends.

The Information Note may be accessed here.