---
title: "Assemble the annual review file and the directors' solvency resolution"
url: "https://ailawframework.com/practice/commercial-and-corporate-advisory/assemble-the-annual-review-file-and-the-directors-solvency-resolution"
type: "task"
site: "AI Law Framework"
id: "A1-X20260927-3"
practice_area: "Commercial & Corporate Advisory (contracts, company law, governance)"
tier: "green"
lawyer_review: "required"
last_reviewed: "2026-10-22"
---

# Assemble the annual review file and the directors' solvency resolution

> Draft the annual review file: the register-against-statement comparison, the correction list with the form each correction needs, and the solvency resolution and minute in the firm's standard form with the directors'…

Canonical page: https://ailawframework.com/practice/commercial-and-corporate-advisory/assemble-the-annual-review-file-and-the-directors-solvency-resolution  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Commercial & Corporate Advisory (contracts, company law, governance)](https://ailawframework.com/practice/commercial-and-corporate-advisory.md) |
| Human involvement | Green: AI drafts, lawyer checks |
| How AI is used | Draft the annual review file: the register-against-statement comparison, the correction list with the form each correction needs, and the solvency resolution and minute in the firm's standard form with the directors' opinion left blank for the directors to record. |
| What the lawyer must review | The lawyer checks the comparison against the company's own register rather than against the statement, confirms the resolution is passed inside the period allowed after the review date and that the company has not instead lodged a financial report in the last 12 months, and confirms the directors have formed the solvency opinion themselves. Where a positive resolution cannot be passed, the lawyer checks the separate notification that then follows. |
| Written for / versions | 1 jurisdiction versions below |

## Checking plan

**Lawyer review required**

The responsible lawyer reviews the work against the instructions, sources and intended use.

- What the AI does: Draft the annual review file: the register-against-statement comparison, the correction list with the form each correction needs, and the solvency resolution and minute in the firm's standard form with the directors' opinion left blank for the directors to record.
- What the lawyer does: The lawyer checks the comparison against the company's own register rather than against the statement, confirms the resolution is passed inside the period allowed after the review date and that the company has not instead lodged a financial report in the last 12 months, and confirms the directors have formed the solvency opinion themselves. Where a positive resolution cannot be passed, the lawyer checks the separate notification that then follows.
- Who reviews: Responsible lawyer with competence in the matter
- Basis: Practical workflow informed by the linked primary sources; the traffic light and working checks are editorial guidance, not a court classification.
- Why: The level reflects what the work is, the consequence of an error, and how much of the output the lawyer must independently re-derive.

## Checks the lawyer makes

1. Confirm the instructions, the jurisdiction and the complete relevant material before starting.
2. The lawyer checks the comparison against the company's own register rather than against the statement, confirms the resolution is passed inside the period allowed after the review date and that the company has not instead lodged a financial report in the last 12 months, and confirms the directors have formed the solvency opinion themselves.
3. Check the output against the source documents named in it before it is relied on.

## Notes

- These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.

## Sources

- [https://www.asic.gov.au/for-business-and-companies/companies/company-annual-review](https://www.asic.gov.au/for-business-and-companies/companies/company-annual-review) (checked 2026-09-27)
- [https://www.asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-22-directors-solvency-declaration](https://www.asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-22-directors-solvency-declaration) (checked 2026-09-27)
- [https://www.asic.gov.au/for-business-and-companies/companies/company-building-blocks/company-meetings-and-resolutions](https://www.asic.gov.au/for-business-and-companies/companies/company-building-blocks/company-meetings-and-resolutions) (checked 2026-09-27)

## Forms and precedents for this task

| Form or precedent | Kind | AI level | Summary |
| --- | --- | --- | --- |
| [ASIC Form 388: copy of financial statements and reports](https://ailawframework.com/precedents/commercial-and-corporate-advisory/form-asic-388-financial-reports.md) | Form | Yellow | Link to ASIC Form 388, the cover for annual financial reports lodged by the companies and schemes named on the form page. The page says there is no fee for the rows it lists. |

Signed-in accounts can read the full text of each one.

## Jurisdiction versions

| Jurisdiction | Level |
| --- | --- |
| [United States](https://ailawframework.com/practice/commercial-and-corporate-advisory/assemble-the-annual-review-file-and-the-directors-solvency-resolution/united-states.md) | Yellow |

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*