Copy of Financial Statements and Reports - Form 388

Lodgement cannot be done electronically via CAS 360. Lodgement Must be done via the ASIC portal. please refer to ASIC Website

Details

Public, large proprietary, small proprietary foreign-controlled companies, registered schemes and trusts must lodge a copy of financial statements and reports annually accompanied by this form. The form is also used to notify appointment of an auditor to the company (but not a scheme).

Navigation

From the Main Toolbar, go to Company.
Select the Company from the list.
Select Company Info

Click Add Company Info

Select Annual Reports and Documents

Instructions

CAS 360 will display the Financial Reports and Data screen. 

Annual Return and Documents 
 

Field	Explanation
Annual Return Year	Financial year
Did the company prepare the financial report?	Select  if the company prepared financial reports
Have the Directors resolved that the company can pay its debts?	Select if the company is able to pay its debts when it is due

Annual return reports data

Field	Explanation
Annual Return Year	Financial year
Questions
Was the Company Dormant throughout the financial year?	Select   if the company was dormant at any time in the financial year
Did the company act as a group holding company?	Select if the company is a holding company
Is the company a reporting entity?	Select if the company is a reporting entity
Were the financial statements audited?	Select if the financial statements were audited
Principal Activity	Enter the Company's main business activity
Dividends	Enter any dividends paid information from the current and previous financial year

Annual Reports Minute Data 

Field	Explanation
Annual Return Year	Financial year
Currency	Select the Currency the directors Emoluments will display as
Seal Entry
Directors Emoluments/Remuneration	Click to add Director's salary/payment information
Director Fees	Click to add Director's Fees
Re-election of Directors	Click to select the directors that are re-elected for the next year

Form 388 - Financial Statement and Reports

Field	Explanation
Reason for Lodgement	Select the company type
Financial year begins	Input the financial year start date
Financial year ends	Input the financial year end date
Were the financial statements audited?	Select if the financial statements were audited
Were the financial statements reviewed?	Select if the financial statements were reviewed
Is the opinion/conclusion in the report modified?	Select
Does the report contain the Emphasis of the Matter and/or Other Matter paragraph?	Select
Financial statements annexe marking	Enter the letter/symbol that you have used to mark the annexure here

Click Save or Save & Prepare Documents

Forms Prepared

• Directors Minutes or Resolution
• Copy of Financial Statements and Reports - Form 388 (Lodgement cannot be done electronically via CAS 360. Lodgement can be done via the ASIC portal. See ASIC Website)
• Notices of Annual General Meeting
• Notices of the Directors Meeting
• Members Consent

How to add auditor details to the Form 388

Audit details are not entered directly within the Form 388 screen.

Instead, audit information is pulled from the Auditor relationship recorded in the company.

To add or update auditor details:

From the Main Toolbar, go to Company.
Select the Company from the list.
Select Relationships

1. Click Add Relationship to add the Auditor
2. Enter the relevant auditor details and appointment information
3. Save the changes

Once the auditor has been added via the Relationships screen, the details will be reflected when preparing Form 388.