(1) The directors of a company shall approve the financial statements referred to in section 149, and the approval shall be evidenced by the signature of one or more directors.
(2) A company shall not issue, publish or circulate copies of the financial statements referred to in section 149 unless the financial statements are—
(a) approved and signed in accordance with subsection (1); and
(b) accompanied by a report of the auditor of the company, if any.